Fiera Capital Corp grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 6.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,744,620 shares of the restaurant operator's stock after buying an additional 227,203 shares during the period. Fiera Capital Corp owned approximately 1.16% of Restaurant Brands International worth $270,554,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of QSR. Philip James Wealth Mangement LLC acquired a new stake in shares of Restaurant Brands International during the third quarter worth approximately $390,000. Olympiad Research LP acquired a new stake in Restaurant Brands International during the 3rd quarter worth $383,000. Concurrent Investment Advisors LLC bought a new position in Restaurant Brands International in the third quarter valued at approximately $313,000. Moloney Securities Asset Management LLC grew its holdings in shares of Restaurant Brands International by 16.0% during the third quarter. Moloney Securities Asset Management LLC now owns 22,606 shares of the restaurant operator's stock worth $1,630,000 after buying an additional 3,116 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Restaurant Brands International by 14.2% in the 3rd quarter. Intact Investment Management Inc. now owns 864,764 shares of the restaurant operator's stock valued at $62,404,000 after buying an additional 107,520 shares during the last quarter. Institutional investors own 82.29% of the company's stock.
Insider Transactions at Restaurant Brands International
In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company's stock, valued at $6,866,420.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on QSR. JPMorgan Chase & Co. lifted their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Evercore ISI decreased their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a research report on Tuesday, August 13th. Finally, Guggenheim lifted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of "Moderate Buy" and a consensus target price of $82.56.
Read Our Latest Stock Report on Restaurant Brands International
Restaurant Brands International Stock Down 0.9 %
NYSE QSR traded down $0.61 during trading on Friday, reaching $68.00. 1,387,115 shares of the company's stock were exchanged, compared to its average volume of 1,583,239. The stock has a market cap of $22.01 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The company has a 50 day moving average price of $70.19 and a two-hundred day moving average price of $70.49. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.
Restaurant Brands International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.
Restaurant Brands International Company Profile
(
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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