Rockefeller Capital Management L.P. Cuts Stock Holdings in Restaurant Brands International Inc. $QSR

Rockefeller Capital Management L.P. lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,299 shares of the restaurant operator’s stock after selling 830 shares during the period. Rockefeller Capital Management L.P. owned about 0.07% of Restaurant Brands International worth $14,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Davis Selected Advisers purchased a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $224,744,000. Royal Bank of Canada grew its holdings in Restaurant Brands International by 16.7% during the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock worth $1,507,839,000 after acquiring an additional 3,230,735 shares during the period. Geode Capital Management LLC raised its position in Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after acquiring an additional 2,277,694 shares in the last quarter. Invesco Ltd. lifted its holdings in Restaurant Brands International by 465.8% in the first quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock valued at $176,247,000 after acquiring an additional 2,177,302 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Restaurant Brands International by 29.4% in the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator’s stock valued at $308,698,000 after acquiring an additional 1,053,640 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 1.0%

Shares of NYSE QSR opened at $67.40 on Wednesday. The firm’s 50-day moving average is $66.50 and its two-hundred day moving average is $67.06. The company has a market capitalization of $22.09 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.06 and a beta of 0.63. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $72.32. 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 (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is 88.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Scotiabank boosted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Finally, Guggenheim raised their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.76.

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.