Mn Services Vermogensbeheer B.V. Has $8.22 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Mn Services Vermogensbeheer B.V. reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 113,800 shares of the restaurant operator’s stock after selling 2,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Restaurant Brands International were worth $8,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $48,000. BNP Paribas Financial Markets raised its stake in shares of Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Restaurant Brands International in the first quarter valued at approximately $94,000. Finally, Blue Trust Inc. boosted its stake in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $68.15 on Wednesday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a 50 day moving average price of $70.24 and a 200 day moving average price of $70.55. The stock has a market capitalization of $22.06 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. Restaurant Brands International Inc. has a 52 week low of $65.75 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Morgan Stanley cut their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. TD Cowen reiterated a “buy” rating and issued a $82.00 price target on shares of Restaurant Brands International in a research report on Thursday, September 12th. Finally, Truist Financial reduced their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.15.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

About Restaurant Brands International

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.