Restaurant Brands International Inc. (QSR) Stake Cut by Earnest Partners LLC

Earnest Partners LLC reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 3,902 shares of the restaurant operator’s stock after selling 51 shares during the period. Earnest Partners LLC’s holdings in Restaurant Brands International were worth $217,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Restaurant Brands International by 21.9% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 327 shares during the last quarter. Westpac Banking Corp boosted its stake in Restaurant Brands International by 1,037.1% in the first quarter. Westpac Banking Corp now owns 1,933 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,763 shares during the last quarter. Creative Planning boosted its stake in Restaurant Brands International by 5.4% in the first quarter. Creative Planning now owns 2,101 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 108 shares during the last quarter. Tyers Asset Management LLC bought a new stake in Restaurant Brands International during the fourth quarter valued at $137,000. Finally, Flinton Capital Management LLC bought a new stake in Restaurant Brands International during the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) traded down 0.0930% on Thursday, reaching $61.7925. 533,022 shares of the company traded hands. The stock has a market capitalization of $14.56 billion, a PE ratio of 42.8222 and a beta of 1.81. Restaurant Brands International Inc. has a one year low of $39.28 and a one year high of $62.58. The firm has a 50 day moving average of $59.57 and a 200-day moving average of $54.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.16 million. Restaurant Brands International had a return on equity of 21.88% and a net margin of 12.97%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. On average, analysts anticipate that Restaurant Brands International Inc. will post $1.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 11th. Restaurant Brands International’s dividend payout ratio is presently 52.41%.

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Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday. CIBC upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Wednesday, June 14th. Bank of America Corporation reiterated a “neutral” rating and set a $62.00 price target (up previously from $58.00) on shares of Restaurant Brands International in a research report on Tuesday, June 13th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $66.00 price target on shares of Restaurant Brands International in a research report on Tuesday, June 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Restaurant Brands International currently has an average rating of “Buy” and an average target price of $58.50.

In other Restaurant Brands International news, EVP Jose E. Cil sold 105,540 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $59.86, for a total transaction of $6,317,624.40. Following the transaction, the executive vice president now directly owns 58,644 shares in the company, valued at approximately $3,510,429.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jose E. Cil sold 142,700 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $59.05, for a total value of $8,426,435.00. Following the transaction, the executive vice president now owns 21,684 shares in the company, valued at $1,280,440.20. The disclosure for this sale can be found here. Insiders have sold a total of 250,000 shares of company stock worth $14,849,219 over the last 90 days. Company insiders own 4.20% of the company’s stock.

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.

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