Northwestern Mutual Wealth Management Co. Acquires 7,082 Shares of Restaurant Brands International Inc. $QSR

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,487 shares of the restaurant operator’s stock after purchasing an additional 7,082 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Restaurant Brands International were worth $5,866,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System acquired a new position in Restaurant Brands International in the second quarter valued at approximately $4,049,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $36,000. Northwest & Ethical Investments L.P. increased its stake in shares of Restaurant Brands International by 6.8% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 102,105 shares of the restaurant operator’s stock valued at $6,765,000 after acquiring an additional 6,486 shares in the last quarter. Boston Partners lifted its position in shares of Restaurant Brands International by 8.4% during the 2nd quarter. Boston Partners now owns 21,542 shares of the restaurant operator’s stock valued at $1,428,000 after acquiring an additional 1,670 shares during the period. Finally, Aviso Financial Inc. lifted its position in shares of Restaurant Brands International by 0.6% during the 2nd quarter. Aviso Financial Inc. now owns 958,434 shares of the restaurant operator’s stock valued at $63,565,000 after acquiring an additional 5,248 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the sale, the chairman owned 193,855 shares in the company, valued at $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ali Hedayat sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total transaction of $509,390.00. Following the transaction, the director directly owned 18,962 shares in the company, valued at $1,379,864.74. The trade was a 26.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Trading Down 0.4%

QSR opened at $71.34 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.13. The firm has a market capitalization of $23.38 billion, a PE ratio of 25.39, a P/E/G ratio of 2.85 and a beta of 0.60. The company’s 50-day moving average is $67.97 and its 200 day moving average is $67.25.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. Restaurant Brands International’s payout ratio is presently 88.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Guggenheim raised their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 8th. Barclays decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.23.

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.