Allianz Asset Management GmbH Has $5.88 Million Stake in Restaurant Brands International Inc (NYSE:QSR)

Allianz Asset Management GmbH boosted its holdings in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 80.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,233 shares of the restaurant operator’s stock after buying an additional 41,096 shares during the quarter. Allianz Asset Management GmbH’s holdings in Restaurant Brands International were worth $5,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Restaurant Brands International by 10.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Commonwealth Bank of Australia raised its position in Restaurant Brands International by 9.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,167 shares of the restaurant operator’s stock worth $197,000 after buying an additional 261 shares during the last quarter. Enterprise Financial Services Corp raised its position in Restaurant Brands International by 16,250.0% during the 3rd quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after buying an additional 3,250 shares during the last quarter. Cigna Investments Inc. New purchased a new position in Restaurant Brands International during the 2nd quarter worth approximately $211,000. Finally, Advisor Group Inc. raised its position in Restaurant Brands International by 146.2% during the 2nd quarter. Advisor Group Inc. now owns 3,786 shares of the restaurant operator’s stock worth $236,000 after buying an additional 2,248 shares during the last quarter. 78.35% of the stock is owned by institutional investors.

Shares of Restaurant Brands International Inc (QSR) traded up $0.11 during midday trading on Thursday, hitting $61.20. 1,907,700 shares of the stock were exchanged, compared to its average volume of 1,733,670. Restaurant Brands International Inc has a twelve month low of $47.75 and a twelve month high of $68.89. The firm has a market cap of $14,860.00, a PE ratio of 42.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68. The company has a quick ratio of 3.38, a current ratio of 3.45 and a debt-to-equity ratio of 2.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities analysts forecast that Restaurant Brands International Inc will post 2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.33%.

A number of research firms have issued reports on QSR. Oppenheimer raised their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Royal Bank of Canada raised their price target on shares of Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, October 18th. OTR Global raised shares of Restaurant Brands International to a “positive” rating in a research note on Monday, October 16th. Finally, UBS Group set a $74.00 price objective on shares of Restaurant Brands International and gave the stock a “buy” rating in a research note on Monday, October 16th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.00.

In related news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of Restaurant Brands International stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $64.70, for a total value of $262,073,431.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marc Caira sold 49,804 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $65.62, for a total value of $3,268,138.48. Following the completion of the transaction, the director now owns 124,643 shares in the company, valued at approximately $8,179,073.66. The disclosure for this sale can be found here. Insiders sold a total of 5,056,166 shares of company stock worth $327,220,722 in the last three months. 3.05% of the stock is owned by corporate insiders.

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Restaurant Brands International Company Profile

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

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

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