PNC Financial Services Group Inc. Decreases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

PNC Financial Services Group Inc. lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,816 shares of the restaurant operator’s stock after selling 518 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Restaurant Brands International were worth $966,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Restaurant Brands International by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after acquiring an additional 307,791 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the last quarter. Geode Capital Management LLC grew its holdings in Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after acquiring an additional 126,600 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Restaurant Brands International by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock valued at $86,780,000 after purchasing an additional 68,456 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 2.1 %

Shares of QSR stock opened at $67.44 on Tuesday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $81.27. The firm has a market capitalization of $21.92 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The stock has a fifty day moving average of $63.81 and a two-hundred day moving average of $67.28. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.68%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research reports. Morgan Stanley decreased their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. CIBC decreased their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. TD Securities reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and a consensus target price of $77.33.

Insider Activity at Restaurant Brands International

In other news, insider Duncan Fulton sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 287,726 shares of company stock worth $18,269,723 over the last quarter. 1.36% of the stock is currently owned by company insiders.

About Restaurant Brands International

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.