Restaurant Brands International Inc. (NYSE:QSR) is Canoe Financial LP's 9th Largest Position

Canoe Financial LP increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,028,349 shares of the restaurant operator's stock after purchasing an additional 139,335 shares during the period. Restaurant Brands International accounts for 3.5% of Canoe Financial LP's investment portfolio, making the stock its 9th largest position. Canoe Financial LP owned about 0.64% of Restaurant Brands International worth $144,675,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Restaurant Brands International in the first quarter valued at $850,000. Oppenheimer & Co. Inc. grew its stake in shares of Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator's stock worth $5,913,000 after purchasing an additional 10,544 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Restaurant Brands International by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock valued at $9,915,000 after purchasing an additional 7,196 shares during the period. Norden Group LLC bought a new position in Restaurant Brands International during the 1st quarter valued at approximately $875,000. Finally, Cetera Investment Advisers grew its position in shares of Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock worth $3,245,000 after buying an additional 15,891 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer dropped their price target 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. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. Guggenheim upped their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. TD Cowen reissued a "buy" rating and set a $82.00 price target on shares of Restaurant Brands International in a research report on Thursday, September 12th. Finally, Piper Sandler cut their price target on Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.15.

Restaurant Brands International Stock Up 0.8 %

QSR traded up $0.57 on Monday, hitting $71.11. The company had a trading volume of 1,295,763 shares, compared to its average volume of 1,582,265. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.12 and a beta of 0.94. The stock has a fifty day moving average price of $70.37 and a 200-day moving average price of $70.61. Restaurant Brands International Inc. has a 12-month low of $65.45 and a 12-month high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

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 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. Analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 59.79%.

Insiders Place Their Bets

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company's stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by 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.