US Bancorp DE Has $449,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

US Bancorp DE decreased its position in Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,453 shares of the restaurant operator’s stock after selling 2,264 shares during the quarter. US Bancorp DE’s holdings in Restaurant Brands International were worth $449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ellsworth Advisors LLC bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $248,000. CIBC Private Wealth Group LLC grew its holdings in shares of Restaurant Brands International by 4.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 27,220 shares of the restaurant operator’s stock valued at $1,365,000 after acquiring an additional 1,211 shares in the last quarter. Callahan Advisors LLC bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $1,270,000. Legacy Wealth Asset Management LLC bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $482,000. Finally, Cadence Bank grew its holdings in shares of Restaurant Brands International by 0.4% in the 2nd quarter. Cadence Bank now owns 148,571 shares of the restaurant operator’s stock valued at $7,451,000 after acquiring an additional 626 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 1,784 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $65.52, for a total value of $116,887.68. Following the completion of the sale, the insider now directly owns 8,271 shares in the company, valued at $541,915.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Restaurant Brands International news, insider David Chan Shear sold 169,478 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total transaction of $11,488,913.62. Following the completion of the transaction, the insider now directly owns 157,267 shares in the company, valued at $10,661,129.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas Benjamin Curtis sold 1,784 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $65.52, for a total transaction of $116,887.68. Following the transaction, the insider now owns 8,271 shares of the company’s stock, valued at $541,915.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,234 shares of company stock worth $15,926,470. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several analyst reports. Cowen raised their price objective on Restaurant Brands International from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, November 4th. StockNews.com upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Tuesday, October 25th. Morgan Stanley lifted their price target on Restaurant Brands International from $71.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 18th. Argus lifted their price target on Restaurant Brands International from $71.00 to $77.00 in a report on Tuesday, December 20th. Finally, The Goldman Sachs Group upgraded Restaurant Brands International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $57.00 to $64.00 in a report on Friday, November 4th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and a consensus price target of $66.89.

Restaurant Brands International Stock Up 2.0 %

NYSE QSR opened at $66.87 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 3.26. Restaurant Brands International Inc. has a 1-year low of $46.68 and a 1-year high of $68.54. The company has a 50 day moving average of $65.65 and a 200-day moving average of $59.91. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.32 and a beta of 0.96.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last released its quarterly earnings results on Thursday, November 3rd. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.16. Restaurant Brands International had a net margin of 15.06% and a return on equity of 36.65%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.13 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st were given a $0.54 dividend. The ex-dividend date was Tuesday, December 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.23%. Restaurant Brands International’s payout ratio is 69.90%.

Restaurant Brands International Profile

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.