Andra AP fonden Sells 26,900 Shares of Restaurant Brands International Inc. (QSR)

Andra AP fonden trimmed its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 50.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,100 shares of the restaurant operator’s stock after selling 26,900 shares during the period. Andra AP fonden’s holdings in Restaurant Brands International were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Restaurant Brands International by 0.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,840,422 shares of the restaurant operator’s stock valued at $115,100,000 after buying an additional 10,625 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Restaurant Brands International by 82.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,446 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 1,560 shares in the last quarter. Newbrook Capital Advisors LP boosted its holdings in shares of Restaurant Brands International by 14.8% in the 2nd quarter. Newbrook Capital Advisors LP now owns 1,044,604 shares of the restaurant operator’s stock valued at $65,375,000 after buying an additional 134,538 shares in the last quarter. Highstreet Asset Management Inc. boosted its holdings in shares of Restaurant Brands International by 40.0% in the 3rd quarter. Highstreet Asset Management Inc. now owns 52,563 shares of the restaurant operator’s stock valued at $3,358,000 after buying an additional 15,012 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Restaurant Brands International by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,228 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 306 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

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A number of research firms have recently weighed in on QSR. UBS AG restated a “buy” rating and issued a $68.00 price target (up from $64.00) on shares of Restaurant Brands International in a report on Thursday, August 3rd. BidaskClub cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank lifted their target price on shares of Restaurant Brands International from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, September 18th. Finally, Royal Bank Of Canada lifted their target price on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Restaurant Brands International presently has an average rating of “Buy” and an average target price of $69.88.

Shares of Restaurant Brands International Inc. (QSR) opened at $65.12 on Friday. Restaurant Brands International Inc. has a one year low of $42.35 and a one year 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. The stock has a market cap of $15,468.15, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. sell-side analysts forecast that Restaurant Brands International Inc. will post 1.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s payout ratio is 55.17%.

Restaurant Brands International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In other news, EVP Jose E. Cil sold 60,832 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total transaction of $3,893,856.32. Following the transaction, the executive vice president now owns 73,618 shares of the company’s stock, valued at approximately $4,712,288.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jose E. Cil sold 132,911 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $63.77, for a total transaction of $8,475,734.47. Following the transaction, the executive vice president now directly owns 174,631 shares in the company, valued at approximately $11,136,218.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,011,880 shares of company stock worth $65,297,770. 3.05% of the stock is currently owned by corporate insiders.

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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