Deutsche Bank AG Has $15.34 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

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Deutsche Bank AG lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,637 shares of the restaurant operator’s stock after purchasing an additional 32,697 shares during the period. Deutsche Bank AG’s holdings in Restaurant Brands International were worth $15,337,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of QSR. Huntington National Bank lifted its holdings in shares of Restaurant Brands International by 126.5% during the third quarter. Huntington National Bank now owns 521 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 291 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of Restaurant Brands International by 107.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 563 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 292 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Restaurant Brands International during the third quarter worth $42,000. Quadrant Capital Group LLC lifted its holdings in shares of Restaurant Brands International by 44.9% during the second quarter. Quadrant Capital Group LLC now owns 1,875 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 581 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Restaurant Brands International during the second quarter worth $124,000.

Restaurant Brands International stock opened at $58.30 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $54.18 and a fifty-two week high of $71.12. The stock has a market cap of $18.28 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The firm’s 50-day simple moving average is $58.27 and its 200 day simple moving average is $61.58. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.42 and a current ratio of 1.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Sunday, October 24th. The restaurant operator reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Restaurant Brands International had a net margin of 13.51% and a return on equity of 26.93%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts predict that Restaurant Brands International Inc. will post 2.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 5th. Shareholders of record on Tuesday, December 21st were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, December 20th. Restaurant Brands International’s payout ratio is 87.60%.

QSR has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday, October 26th. Credit Suisse Group lowered their target price on shares of Restaurant Brands International from $76.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 26th. Truist decreased their price target on shares of Restaurant Brands International from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, October 26th. Citigroup decreased their price target on shares of Restaurant Brands International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, November 16th. Finally, KeyCorp decreased their price target on shares of Restaurant Brands International from $77.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.18.

In other Restaurant Brands International news, COO Joshua Kobza sold 16,837 shares of the business’s stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $58.62, for a total value of $986,984.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Granat sold 7,869 shares of the business’s stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $58.62, for a total transaction of $461,280.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,498 shares of company stock worth $2,725,713. Corporate insiders own 1.88% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

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