Epoch Investment Partners Inc. Trims Position in Restaurant Brands International Inc. (NYSE:QSR)

Epoch Investment Partners Inc. trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,113,283 shares of the restaurant operator’s stock after selling 60,883 shares during the period. Epoch Investment Partners Inc. owned 0.35% of Restaurant Brands International worth $78,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Dimensional Fund Advisors LP raised its holdings in shares of Restaurant Brands International by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock valued at $51,058,000 after buying an additional 5,192 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Restaurant Brands International by 20.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,569 shares of the restaurant operator’s stock worth $435,000 after purchasing an additional 962 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Restaurant Brands International by 163.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock worth $1,305,000 after purchasing an additional 10,355 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Restaurant Brands International during the fourth quarter worth about $245,000. Finally, Clearbridge Investments LLC purchased a new position in Restaurant Brands International during the fourth quarter worth about $291,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Guggenheim increased their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.11.

Insider Buying and Selling

In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Stock Down 0.3 %

QSR stock opened at $70.28 on Friday. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The company’s 50 day simple moving average is $70.22 and its 200-day simple moving average is $71.98. The firm has a market capitalization of $22.26 billion, a PE ratio of 18.11, a P/E/G ratio of 2.08 and a beta of 0.93. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Equities analysts expect that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.30%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.