Axa S.A. Sells 6,008 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Axa S.A. decreased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,316 shares of the restaurant operator’s stock after selling 6,008 shares during the quarter. Axa S.A.’s holdings in Restaurant Brands International were worth $2,485,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Restaurant Brands International in the 1st quarter worth $25,000. Crewe Advisors LLC purchased a new position in Restaurant Brands International during the first quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International in the first quarter worth approximately $59,000. Parallel Advisors LLC boosted its position in shares of Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Up 1.2 %

Shares of Restaurant Brands International stock opened at $72.13 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. The company has a market cap of $22.85 billion, a P/E ratio of 18.59, a PEG ratio of 2.13 and a beta of 0.93. The firm’s 50 day moving average price is $69.92 and its 200-day moving average price is $71.48. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.22%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, TD Cowen restated a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.11.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

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.