Capital Group Investment Management PTE. LTD. lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,682 shares of the restaurant operator's stock after acquiring an additional 4,985 shares during the period. Capital Group Investment Management PTE. LTD.'s holdings in Restaurant Brands International were worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inkwell Capital LLC purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at approximately $3,370,000. Summerhill Capital Management lnc. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at $841,000. Aviso Financial Inc. grew its holdings in shares of Restaurant Brands International by 4.1% during the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock worth $61,384,000 after purchasing an additional 37,241 shares during the period. Baskin Financial Services Inc. grew its holdings in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after purchasing an additional 9,208 shares during the period. Finally, Baupost Group LLC MA increased its position in shares of 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 worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Restaurant Brands International
In other news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the transaction, the insider now owns 45,248 shares in the company, valued at approximately $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on QSR. Citigroup dropped their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Truist Financial decreased their target price on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Tuesday. TD Securities reaffirmed a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Finally, Robert W. Baird reduced their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.25.
Read Our Latest Research Report on QSR
Restaurant Brands International Stock Performance
Shares of QSR traded down $0.80 during midday trading on Wednesday, reaching $63.07. 558,019 shares of the stock were exchanged, compared to its average volume of 1,840,818. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $77.24. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.77 and a beta of 0.72. The business's 50-day moving average price is $65.00 and its 200 day moving average price is $66.29.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.
Restaurant Brands International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.62 per share. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.
About Restaurant Brands International
(
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.
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