Hsbc Holdings PLC Has $7.42 Million Holdings in Restaurant Brands International Inc. $QSR

Hsbc Holdings PLC lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,847 shares of the restaurant operator’s stock after purchasing an additional 14,759 shares during the quarter. Hsbc Holdings PLC’s holdings in Restaurant Brands International were worth $7,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in Restaurant Brands International during the second quarter worth about $33,000. CX Institutional boosted its holdings in shares of Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 464 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 260 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Restaurant Brands International in the second quarter worth about $36,000. Finally, UMB Bank n.a. boosted its stake in shares of Restaurant Brands International by 49.3% in the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QSR shares. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Scotiabank lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Citigroup upped their price target on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and an average price target of $75.23.

Restaurant Brands International Stock Up 0.1%

Restaurant Brands International stock opened at $72.00 on Friday. The firm has a market capitalization of $23.60 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60. The firm’s fifty day moving average price is $68.27 and its two-hundred day moving average price is $67.31. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.13. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is currently 88.26%.

Insider Buying and Selling at Restaurant Brands International

In related news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman directly owned 193,855 shares in the company, valued at approximately $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat sold 7,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the sale, the director owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. This trade represents a 26.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.25% of the company’s stock.

About Restaurant Brands International

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.