6,138 Shares in Restaurant Brands International Inc. (NYSE:QSR) Acquired by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,138 shares of the restaurant operator’s stock, valued at approximately $476,000.

Several other institutional investors also recently modified their holdings of QSR. Bank of New York Mellon Corp increased its position in shares of Restaurant Brands International by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock worth $17,623,000 after purchasing an additional 2,830 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Restaurant Brands International by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock worth $536,000 after purchasing an additional 229 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Restaurant Brands International by 12.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock worth $301,000 after purchasing an additional 577 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Restaurant Brands International by 73.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock worth $413,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Restaurant Brands International by 99.3% in the first quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock worth $21,798,000 after purchasing an additional 185,998 shares during the last quarter.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $71.12 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 2.82. The firm has a market capitalization of $22.19 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.69 and a beta of 0.98. The business has a fifty day simple moving average of $66.72 and a two-hundred day simple moving average of $71.23. Restaurant Brands International Inc. has a 12 month low of $59.99 and a 12 month high of $78.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.87 billion. Restaurant Brands International had a return on equity of 32.72% and a net margin of 13.22%. Restaurant Brands International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.22 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 75.60%.

Wall Street Analyst Weigh In

A number of brokerages have commented on QSR. Northcoast Research upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 22nd. KeyCorp reduced their price target on shares of Restaurant Brands International from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Monday, November 6th. Citigroup increased their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Barclays reduced their price target on shares of Restaurant Brands International from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Finally, Evercore ISI increased their price target on shares of Restaurant Brands International from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $78.50.

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.