Russell Investments Group Ltd. Has $7.99 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Russell Investments Group Ltd. decreased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,430 shares of the restaurant operator’s stock after selling 43,534 shares during the period. Russell Investments Group Ltd.’s holdings in Restaurant Brands International were worth $7,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its position in Restaurant Brands International by 126.5% during the 3rd quarter. Huntington National Bank now owns 521 shares of the restaurant operator’s stock worth $32,000 after buying an additional 291 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Restaurant Brands International by 107.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 563 shares of the restaurant operator’s stock worth $34,000 after buying an additional 292 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in Restaurant Brands International during the 3rd quarter worth about $42,000. Advisory Services Network LLC acquired a new position in Restaurant Brands International during the 2nd quarter worth about $124,000. Finally, NEXT Financial Group Inc lifted its position in Restaurant Brands International by 316.9% during the 3rd quarter. NEXT Financial Group Inc now owns 2,176 shares of the restaurant operator’s stock worth $134,000 after buying an additional 1,654 shares in the last quarter.

In other Restaurant Brands International news, insider Jill Granat sold 7,869 shares of the company’s stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $58.62, for a total transaction of $461,280.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Dunnigan sold 4,537 shares of the company’s stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $58.62, for a total value of $265,958.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,498 shares of company stock valued at $2,725,713. 1.88% of the stock is owned by company insiders.

NYSE QSR opened at $57.19 on Friday. The business has a 50 day simple moving average of $58.33 and a 200 day simple moving average of $61.39. Restaurant Brands International Inc. has a 52-week low of $54.18 and a 52-week high of $71.12. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.42 and a current ratio of 1.47. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.55 and a beta of 1.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Sunday, October 24th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Restaurant Brands International had a return on equity of 26.93% and a net margin of 13.51%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $0.68 EPS. Restaurant Brands International’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International Inc. will post 2.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 5th. Investors of record on Tuesday, December 21st were paid a dividend of $0.53 per share. The ex-dividend date was Monday, December 20th. This represents a $2.12 dividend on an annualized basis and a yield of 3.71%. Restaurant Brands International’s payout ratio is 87.60%.

Several research analysts recently issued reports on QSR shares. Barclays reduced their price target on shares of Restaurant Brands International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 15th. Citigroup reduced their price target on shares of Restaurant Brands International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Restaurant Brands International from $81.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, October 13th. Stephens dropped their price objective on Restaurant Brands International from $74.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 25th. Finally, Wells Fargo & Company dropped their price objective on Restaurant Brands International from $83.00 to $77.00 and set an “overweight” rating for the company in a report on Tuesday, October 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.65.

About Restaurant Brands International

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.

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

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