4,066,730 Shares in Restaurant Brands International Inc. (NYSE:QSR) Bought by Norges Bank

Norges Bank bought a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,066,730 shares of the restaurant operator's stock, valued at approximately $264,813,000. Norges Bank owned approximately 1.25% of Restaurant Brands International at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QSR. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $858,101,000 after buying an additional 421,873 shares during the period. National Bank of Canada FI boosted its stake in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator's stock valued at $229,545,000 after acquiring an additional 1,294,185 shares during the period. Point72 Asset Management L.P. boosted its stake in Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator's stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the period. Geode Capital Management LLC grew its holdings in shares of Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock valued at $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock worth $86,780,000 after purchasing an additional 68,456 shares during the period. 82.29% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

QSR has been the subject of a number of analyst reports. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Oppenheimer lowered their price target on shares of 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. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. CIBC reduced their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Truist Financial dropped 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.08.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded up $0.71 on Thursday, reaching $67.60. 837,010 shares of the company traded hands, compared to its average volume of 1,776,002. The stock has a market capitalization of $22.12 billion, a PE ratio of 21.26, a P/E/G ratio of 1.77 and a beta of 0.72. 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 company's 50 day moving average is $65.26 and its 200-day moving average is $67.18. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $78.00.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is currently 77.99%.

Insider Buying and Selling

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,226 shares of company stock valued at $19,121,223. Company insiders own 1.36% of the company's stock.

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.