Legal & General Group Plc boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 903,903 shares of the restaurant operator’s stock after purchasing an additional 44,419 shares during the quarter. Legal & General Group Plc owned about 0.38% of Restaurant Brands International worth $57,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Stratos Wealth Partners LTD. grew its holdings in shares of Restaurant Brands International by 0.5% during the second quarter. Stratos Wealth Partners LTD. now owns 4,483 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 23 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Restaurant Brands International by 10.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 200 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Restaurant Brands International by 9.0% during the second quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock valued at $197,000 after buying an additional 261 shares during the last quarter. AXA grew its holdings in shares of Restaurant Brands International by 7.6% during the second quarter. AXA now owns 8,179 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 579 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Restaurant Brands International by 8.4% during the second quarter. US Bancorp DE now owns 9,007 shares of the restaurant operator’s stock valued at $563,000 after buying an additional 698 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

Shares of Restaurant Brands International Inc. (QSR) traded down $0.16 during trading on Wednesday, reaching $60.79. 2,980,600 shares of the company were exchanged, compared to its average volume of 1,102,447. The company has a market capitalization of $14,477.61, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 1.81 and a beta of 1.69. Restaurant Brands International Inc. has a 12 month low of $46.88 and a 12 month high of $68.89. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. equities research analysts predict that Restaurant Brands International Inc. will post 1.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. Restaurant Brands International’s dividend payout ratio is 55.17%.

In other Restaurant Brands International news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $64.70, for a total value of $262,073,431.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel S. Schwartz sold 708,582 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.49, for a total transaction of $45,696,453.18. Following the completion of the transaction, the chief executive officer now owns 886,272 shares in the company, valued at $57,155,681.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,249,909 shares of company stock worth $339,590,312. 3.05% of the stock is owned by insiders.

A number of research firms have recently commented on QSR. Oppenheimer increased their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Royal Bank Of Canada increased their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, October 18th. UBS set a $74.00 price target on shares of Restaurant Brands International and gave the company a “buy” rating in a report on Monday, October 16th. Finally, OTR Global upgraded shares of Restaurant Brands International to a “positive” rating in a report on Monday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Restaurant Brands International currently has a consensus rating of “Buy” and a consensus price target of $69.88.

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About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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