D1 Capital Partners L.P. Increases Holdings in Restaurant Brands International Inc. (NYSE:QSR)

D1 Capital Partners L.P. lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,768,419 shares of the restaurant operator's stock after acquiring an additional 438,379 shares during the period. Restaurant Brands International accounts for about 1.9% of D1 Capital Partners L.P.'s portfolio, making the stock its 19th biggest holding. D1 Capital Partners L.P. owned approximately 0.55% of Restaurant Brands International worth $115,266,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors boosted its holdings in shares of Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after buying an additional 421,873 shares in the last quarter. Norges Bank bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $264,813,000. Meritage Group LP boosted its stake in Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after buying an additional 3,245,689 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Restaurant Brands International by 29.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,981,357 shares of the restaurant operator's stock valued at $194,069,000 after buying an additional 679,000 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Down 1.9 %

Shares of QSR opened at $62.68 on Thursday. 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 firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.77 and a beta of 0.72. The company has a 50-day moving average of $64.96 and a 200 day moving average of $66.27. 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 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%. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.96%. This is a boost 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 is currently 77.99%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QSR. Barclays decreased their price objective on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird dropped their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Truist Financial reduced their target price on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Oppenheimer dropped their price target on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and an average price target of $76.25.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

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.

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