Restaurant Brands International Inc. (NYSE:QSR) Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 163.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,703 shares of the restaurant operator’s stock after acquiring an additional 10,355 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Restaurant Brands International were worth $1,305,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QSR. Pacifica Partners Inc. lifted its position in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC increased its holdings in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares during the last quarter. Oakworth Capital Inc. acquired a new position in Restaurant Brands International in the fourth quarter worth approximately $30,000. Montag A & Associates Inc. acquired a new position in Restaurant Brands International in the fourth quarter worth approximately $30,000. Finally, Fifth Third Bancorp increased its holdings in Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after buying an additional 278 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $69.24 on Friday. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The firm has a market cap of $21.94 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The business has a fifty day moving average of $70.82 and a 200-day moving average of $74.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.35%. Restaurant Brands International’s payout ratio is 59.79%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of research reports. Scotiabank increased their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Robert W. Baird increased their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Genuity Capital Markets dropped their price objective on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. The Goldman Sachs Group initiated coverage on Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Evercore ISI increased their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.21.

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.