Canada Pension Plan Investment Board raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 29.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,981,357 shares of the restaurant operator's stock after purchasing an additional 679,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.92% of Restaurant Brands International worth $194,069,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. Norges Bank acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $264,813,000. Baupost Group LLC MA increased its holdings in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Restaurant Brands International by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock valued at $123,137,000 after purchasing an additional 467,958 shares in the last quarter. Finally, Scotia Capital Inc. grew its position in shares of Restaurant Brands International by 1.6% in the fourth quarter. Scotia Capital Inc. now owns 1,544,713 shares of the restaurant operator's stock valued at $100,462,000 after purchasing an additional 24,319 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Robert W. Baird lowered their target price on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. CIBC reduced their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a report on Friday, February 14th. Finally, Guggenheim raised their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.46.
Check Out Our Latest Stock Report on Restaurant Brands International
Insider Activity
In related news, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares of the company's stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is currently owned by insiders.
Restaurant Brands International Stock Up 1.2 %
QSR stock traded up $0.74 during trading on Tuesday, reaching $63.56. The stock had a trading volume of 436,643 shares, compared to its average volume of 2,251,340. The firm has a fifty day moving average price of $65.05 and a 200 day moving average price of $66.31. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $20.82 billion, a P/E ratio of 19.99, a PEG ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.
Restaurant Brands International Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.90%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.
Restaurant Brands International Profile
(
Free Report)
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.
Featured Articles
Before you consider Restaurant Brands International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Restaurant Brands International wasn't on the list.
While Restaurant Brands International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
