Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Capital World Investors

Capital World Investors increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,418,188 shares of the restaurant operator's stock after purchasing an additional 841,167 shares during the quarter. Capital World Investors owned 13.38% of Restaurant Brands International worth $2,829,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of Restaurant Brands International by 6.3% during the third quarter. HighTower Advisors LLC now owns 9,040 shares of the restaurant operator's stock valued at $658,000 after buying an additional 537 shares during the period. Wellington Management Group LLP increased its stake in Restaurant Brands International by 112.1% in the third quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator's stock worth $1,298,000 after purchasing an additional 9,496 shares during the period. MML Investors Services LLC boosted its stake in shares of Restaurant Brands International by 5.5% during the third quarter. MML Investors Services LLC now owns 9,066 shares of the restaurant operator's stock valued at $654,000 after purchasing an additional 476 shares during the period. Arvest Bank Trust Division bought a new position in shares of Restaurant Brands International in the third quarter worth about $12,053,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Restaurant Brands International during the 3rd quarter valued at about $378,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on QSR shares. Guggenheim upped their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, April 4th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Jefferies Financial Group lowered their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. CIBC reduced their price target on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.25.

Restaurant Brands International Stock Performance

QSR traded down $0.53 during midday trading on Thursday, hitting $62.17. 559,285 shares of the company were exchanged, compared to its average volume of 2,247,918. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company's 50 day simple moving average is $64.96 and its 200 day simple moving average is $66.27. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. 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 announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, sell-side analysts predict 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 given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.99%. The ex-dividend date was Friday, March 21st. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Housman sold 14,593 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $939,497.34. Following the transaction, the insider now owns 142,986 shares in the company, valued at $9,205,438.68. This trade represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 278,716 shares of company stock valued at $17,740,281. Corporate insiders own 1.36% of the company's stock.

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.