Royal Bank of Canada reduced its position in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 19.6% in the 4th quarter, HoldingsChannel reports. The firm owned 18,544,727 shares of the restaurant operator’s stock after selling 4,518,475 shares during the period. Royal Bank of Canada owned approximately 0.05% of Restaurant Brands International worth $1,265,308,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of QSR. Lloyd Advisory Services LLC. acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $25,000. Larson Financial Group LLC lifted its stake in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $29,000. UMB Bank n.a. lifted its stake in Restaurant Brands International by 50.4% in the 4th quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 214 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in Restaurant Brands International by 20.6% in the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 158 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the transaction, the insider directly owned 162,077 shares in the company, valued at $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Research Report on QSR
Restaurant Brands International Stock Up 0.9%
NYSE QSR opened at $76.32 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96. The company has a 50 day moving average of $76.56 and a 200-day moving average of $72.59. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.96 and a beta of 0.49.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.
Restaurant Brands International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is currently 91.55%.
Restaurant Brands International Profile
Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.
RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.
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