GW&K Investment Management LLC Buys 1,243 Shares of Restaurant Brands International Inc (NYSE:QSR)

GW&K Investment Management LLC lifted its stake in shares of Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,040 shares of the restaurant operator’s stock after acquiring an additional 1,243 shares during the quarter. GW&K Investment Management LLC owned approximately 0.16% of Restaurant Brands International worth $34,861,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Coastal Capital Group Inc. bought a new position in Restaurant Brands International in the 2nd quarter worth approximately $28,000. Parallel Advisors LLC boosted its stake in Restaurant Brands International by 279.5% in the 3rd quarter. Parallel Advisors LLC now owns 425 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 313 shares during the period. Coastal Investment Advisors Inc. bought a new position in Restaurant Brands International in the 2nd quarter worth approximately $31,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Restaurant Brands International in the 2nd quarter worth approximately $36,000. Finally, Contravisory Investment Management Inc. bought a new position in Restaurant Brands International in the 3rd quarter worth approximately $53,000. Institutional investors own 77.84% of the company’s stock.

In related news, Director Paul J. Fribourg sold 488,024 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the sale, the director now owns 58,005 shares in the company, valued at approximately $4,477,986. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jose E. Cil sold 122,680 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $77.74, for a total value of $9,537,143.20. Following the sale, the chief executive officer now owns 647,068 shares in the company, valued at approximately $50,303,066.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,007,128 shares of company stock worth $75,592,467 in the last 90 days. 4.13% of the stock is currently owned by insiders.

Several research analysts have weighed in on QSR shares. Goldman Sachs Group started coverage on Restaurant Brands International in a research note on Monday, July 29th. They issued a “neutral” rating and a $71.00 price target for the company. Oppenheimer upped their price target on Restaurant Brands International from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. SunTrust Banks upped their price target on Restaurant Brands International to $86.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Deutsche Bank dropped their price target on Restaurant Brands International from $73.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th. Finally, Piper Jaffray Companies restated a “market perform” rating and issued a $90.00 price target (up from $80.00) on shares of Restaurant Brands International in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.53.

Shares of NYSE QSR traded up $0.26 during midday trading on Friday, reaching $66.54. 1,142,854 shares of the stock traded hands, compared to its average volume of 1,956,733. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.09 and a quick ratio of 1.05. The stock has a market capitalization of $19.59 billion, a PE ratio of 25.30, a P/E/G ratio of 2.52 and a beta of 1.20. Restaurant Brands International Inc has a one year low of $50.20 and a one year high of $79.46. The company’s 50 day moving average is $69.26 and its 200 day moving average is $70.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Monday, October 28th. The restaurant operator reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 11.64%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. As a group, equities analysts forecast that Restaurant Brands International Inc will post 2.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 3.01%. Restaurant Brands International’s payout ratio is presently 76.05%.

About Restaurant Brands International

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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