River Road Asset Management LLC Sells 595,429 Shares of Restaurant Brands International Inc. $QSR

River Road Asset Management LLC lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 40.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 863,570 shares of the restaurant operator’s stock after selling 595,429 shares during the quarter. River Road Asset Management LLC’s holdings in Restaurant Brands International were worth $58,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. D.A. Davidson & CO. raised its stake in shares of Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after buying an additional 154 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 158 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of Restaurant Brands International by 2.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after acquiring an additional 161 shares in the last quarter. Applied Finance Capital Management LLC boosted its position in shares of Restaurant Brands International by 1.9% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock valued at $644,000 after acquiring an additional 179 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Restaurant Brands International by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock valued at $3,967,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the topic of a number of analyst reports. Weiss Ratings raised shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Oppenheimer raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Robert W. Baird lifted their price objective on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. CL King set a $81.00 price objective on Restaurant Brands International in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $86.00 price objective on shares of Restaurant Brands International in a research note on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Stock Down 1.1%

Shares of NYSE:QSR opened at $73.38 on Friday. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company’s fifty day moving average is $76.43 and its 200-day moving average is $72.61. The company has a market capitalization of $25.49 billion, a PE ratio of 25.84, a P/E/G ratio of 1.92 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities research analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s payout ratio is 91.55%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.