Zurcher Kantonalbank Zurich Cantonalbank Has $9.48 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,622 shares of the restaurant operator’s stock after buying an additional 8,613 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Restaurant Brands International were worth $9,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in Restaurant Brands International in the first quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the first quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Restaurant Brands International during the first quarter worth $59,000. Finally, Parallel Advisors LLC lifted its holdings in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.1 %

QSR traded down $0.08 during mid-day trading on Thursday, reaching $69.03. 1,105,576 shares of the stock were exchanged, compared to its average volume of 1,622,822. The stock has a market capitalization of $21.87 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The company has a 50 day moving average price of $70.55 and a two-hundred day moving average price of $72.91. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a $0.58 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.36%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of recent analyst reports. Barclays increased their price target on Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Loop Capital lifted their target price on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. The Goldman Sachs Group assumed coverage on Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and a $80.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, Piper Sandler lowered their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.07.

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.