Deutsche Bank AG Lowers Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Deutsche Bank AG cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,652 shares of the restaurant operator’s stock after selling 237 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of Restaurant Brands International worth $27,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QSR. Cerity Partners LLC grew its stake in shares of Restaurant Brands International by 6.0% in the 4th quarter. Cerity Partners LLC now owns 14,595 shares of the restaurant operator’s stock worth $976,000 after buying an additional 828 shares during the last quarter. Invesco Ltd. grew its stake in shares of Restaurant Brands International by 5.3% in the fourth quarter. Invesco Ltd. now owns 467,455 shares of the restaurant operator’s stock worth $30,469,000 after acquiring an additional 23,504 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth $19,243,000. Barclays PLC increased its holdings in shares of Restaurant Brands International by 45.2% during the fourth quarter. Barclays PLC now owns 51,320 shares of the restaurant operator’s stock valued at $3,345,000 after acquiring an additional 15,969 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of Restaurant Brands International by 202.1% in the 4th quarter. XTX Topco Ltd now owns 15,695 shares of the restaurant operator’s stock worth $1,023,000 after purchasing an additional 10,500 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $64.83 on Wednesday. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 2.59 and a beta of 0.58. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The firm has a 50 day moving average of $67.88 and a 200 day moving average of $66.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. On average, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is presently 93.94%.

Analyst Ratings Changes

Several brokerages recently commented on QSR. Piper Sandler cut their price objective on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Morgan Stanley cut their price target on shares of Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a report on Monday, July 14th. UBS Group decreased their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 5th. Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a research report on Friday. Finally, CIBC cut their target price on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.00.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.25% of the stock is currently owned by insiders.

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.