Becker Capital Management Inc. bought a new stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,124 shares of the restaurant operator’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Restaurant Brands International by 29.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 395,339 shares of the restaurant operator’s stock worth $23,436,000 after buying an additional 90,954 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Restaurant Brands International by 297.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 343,884 shares of the restaurant operator’s stock worth $20,385,000 after buying an additional 257,278 shares in the last quarter. Strs Ohio raised its holdings in shares of Restaurant Brands International by 20.0% during the 4th quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock worth $7,845,000 after buying an additional 25,000 shares in the last quarter. Manning & Napier Group LLC acquired a new position in shares of Restaurant Brands International during the 4th quarter worth $20,355,000. Finally, Pendal Group Ltd raised its holdings in shares of Restaurant Brands International by 1.2% during the 4th quarter. Pendal Group Ltd now owns 70,760 shares of the restaurant operator’s stock worth $3,691,000 after buying an additional 867 shares in the last quarter. Institutional investors own 81.47% of the company’s stock.

In other Restaurant Brands International news, insider Daniel S. Schwartz sold 1,041,882 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $67.88, for a total value of $70,722,950.16. Following the completion of the transaction, the insider now owns 461,637 shares of the company’s stock, valued at approximately $31,335,919.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alexandre Macedo sold 100,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $62.03, for a total value of $6,203,000.00. Following the completion of the transaction, the insider now directly owns 289,864 shares of the company’s stock, valued at approximately $17,980,263.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,177,503 shares of company stock valued at $79,145,138. Insiders own 3.78% of the company’s stock.

Shares of QSR opened at $68.56 on Friday. Restaurant Brands International Inc has a 12-month low of $50.20 and a 12-month high of $69.26. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.75 and a beta of 1.39.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.04). Restaurant Brands International had a return on equity of 29.58% and a net margin of 11.16%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.66 EPS. Restaurant Brands International’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Restaurant Brands International Inc will post 2.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. Restaurant Brands International’s payout ratio is presently 76.05%.

QSR has been the subject of a number of research analyst reports. ValuEngine raised Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. KeyCorp boosted their price target on Restaurant Brands International from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Oppenheimer boosted their price target on Restaurant Brands International from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 12th. Robert W. Baird reissued a “buy” rating and set a $72.00 price target on shares of Restaurant Brands International in a report on Wednesday, February 13th. Finally, Citigroup boosted their price target on Restaurant Brands International from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.83.

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Restaurant Brands International Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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

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