Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 119.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,621 shares of the restaurant operator's stock after buying an additional 15,039 shares during the period. CIBC Private Wealth Group LLC's holdings in Restaurant Brands International were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in Restaurant Brands International by 165.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock worth $74,802,000 after acquiring an additional 715,754 shares during the period. Alerus Financial NA lifted its stake in shares of Restaurant Brands International by 4.2% in the fourth quarter. Alerus Financial NA now owns 96,301 shares of the restaurant operator's stock worth $6,277,000 after buying an additional 3,884 shares in the last quarter. Norges Bank acquired a new position in Restaurant Brands International during the fourth quarter worth about $264,813,000. Mufg Securities Canada LTD. grew its stake in Restaurant Brands International by 75.7% during the 4th quarter. Mufg Securities Canada LTD. now owns 494,313 shares of the restaurant operator's stock valued at $32,197,000 after acquiring an additional 213,035 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Restaurant Brands International by 3.3% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Remove Ads

Restaurant Brands International Trading Down 1.0 %

Shares of NYSE:QSR traded down $0.62 during trading on Monday, reaching $62.96. The stock had a trading volume of 1,583,950 shares, compared to its average volume of 1,794,645. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $77.24. The business has a fifty day moving average price of $65.42 and a 200-day moving average price of $67.11. The stock has a market cap of $20.61 billion, a P/E ratio of 19.79, a PEG ratio of 1.77 and a beta of 0.72. 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 (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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%. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.94%. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

QSR has been the subject of several recent analyst reports. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Guggenheim lifted their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday. Truist Financial reduced their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Finally, CIBC cut their price objective on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.63.

Insider Transactions at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of the stock in a transaction dated 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 transaction, the insider now owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 over the last quarter. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Company 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.