Caisse DE Depot ET Placement DU Quebec Purchases 81,482 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 212.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,798 shares of the restaurant operator's stock after purchasing an additional 81,482 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Restaurant Brands International were worth $8,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in Restaurant Brands International by 8.4% in the third quarter. Rockefeller Capital Management L.P. now owns 232,216 shares of the restaurant operator's stock worth $16,748,000 after acquiring an additional 18,032 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Restaurant Brands International by 2.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 137,789 shares of the restaurant operator's stock worth $9,954,000 after purchasing an additional 3,167 shares in the last quarter. FORA Capital LLC acquired a new position in Restaurant Brands International during the third quarter worth $2,432,000. Baupost Group LLC MA bought a new position in Restaurant Brands International during the third quarter valued at about $2,041,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock worth $126,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Up 1.5 %

Shares of NYSE:QSR traded up $1.06 during midday trading on Tuesday, reaching $70.78. The company had a trading volume of 2,561,038 shares, compared to its average volume of 1,575,270. The stock has a market cap of $22.91 billion, a PE ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 0.93. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29. The business's 50 day moving average price is $70.20 and its 200 day moving average price is $69.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.28%. Restaurant Brands International's dividend payout ratio is currently 58.15%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on QSR shares. Stifel Nicolaus reduced their target price on Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a report on Thursday, November 14th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating for the company in a report on Monday, August 19th. Guggenheim lifted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Argus decreased their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, Citigroup lifted their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.27.

Restaurant Brands International 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.