CIBC Asset Management Inc Has $215.45 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

CIBC Asset Management Inc grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,969,582 shares of the restaurant operator's stock after buying an additional 118,721 shares during the period. CIBC Asset Management Inc owned 0.92% of Restaurant Brands International worth $215,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares during the period. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International in the 1st quarter worth approximately $48,000. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International in the third quarter valued at $61,000. BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after acquiring an additional 203 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 768 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

Shares of QSR traded down $1.02 during trading hours on Friday, reaching $67.45. 718,665 shares of the company traded hands, compared to its average volume of 1,582,079. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market cap of $21.83 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The stock's fifty day moving average is $70.13 and its 200 day moving average is $70.32.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSR. Bank of America upped their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a report on Thursday. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. TD Cowen reduced their target price on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer reduced their price objective on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of "Moderate Buy" and a consensus target price of $82.37.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company's stock, valued at $6,866,420.76. This trade represents a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

About Restaurant Brands International

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.