Huntington National Bank Acquires Shares of 13,827 Restaurant Brands International Inc (NYSE:QSR)
Huntington National Bank bought a new position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,827 shares of the restaurant operator’s stock, valued at approximately $962,000.
Several other institutional investors and hedge funds have also recently modified their holdings of QSR. Lindbrook Capital LLC lifted its holdings in shares of Restaurant Brands International by 327.2% in the 1st quarter. Lindbrook Capital LLC now owns 786 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 602 shares during the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Restaurant Brands International by 357.4% in the 1st quarter. Howe & Rusling Inc. now owns 988 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 772 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $112,000. Daiwa Securities Group Inc. lifted its holdings in shares of Restaurant Brands International by 41.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 700 shares during the last quarter. Finally, Gruss & Co. Inc. bought a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $202,000. Institutional investors own 79.37% of the company’s stock.
In other news, CEO Jose E. Cil sold 127,557 shares of Restaurant Brands International stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $68.28, for a total transaction of $8,709,591.96. Following the transaction, the chief executive officer now directly owns 558,889 shares in the company, valued at approximately $38,160,940.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel S. Schwartz sold 1,041,882 shares of Restaurant Brands International stock in a transaction on Friday, May 17th. The shares were sold at an average price of $67.88, for a total value of $70,722,950.16. Following the transaction, the insider now owns 461,637 shares in the company, valued at $31,335,919.56. The disclosure for this sale can be found here. 4.13% of the stock is currently owned by company insiders.
Shares of QSR stock traded down $0.59 during mid-day trading on Monday, hitting $74.64. 24,532 shares of the stock traded hands, compared to its average volume of 1,191,724. Restaurant Brands International Inc has a twelve month low of $50.20 and a twelve month high of $75.64. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26. The stock’s 50-day simple moving average is $70.29. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 3.47.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). Restaurant Brands International had a net margin of 11.16% and a return on equity of 29.58%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts forecast that Restaurant Brands International Inc will post 2.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, June 14th. Restaurant Brands International’s dividend payout ratio (DPR) 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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