Intact Investment Management Inc. Boosts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Intact Investment Management Inc. lifted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 864,764 shares of the restaurant operator's stock after buying an additional 107,520 shares during the quarter. Restaurant Brands International comprises approximately 2.1% of Intact Investment Management Inc.'s holdings, making the stock its 10th biggest position. Intact Investment Management Inc. owned approximately 0.27% of Restaurant Brands International worth $62,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QSR. Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares during the period. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International in the first quarter valued at about $48,000. BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock worth $89,000 after buying an additional 203 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Restaurant Brands International during the 1st quarter worth about $94,000. Finally, Blue Trust Inc. boosted its holdings in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's 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 directly owns 37,179 shares of the company's stock, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction 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 approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Up 0.1 %

Shares of Restaurant Brands International stock traded up $0.06 during trading hours on Monday, reaching $70.04. The company's stock had a trading volume of 1,791,453 shares, compared to its average volume of 1,574,341. The company has a market capitalization of $22.67 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.08 and a beta of 0.94. The stock's fifty day simple moving average is $70.27 and its two-hundred day simple moving average is $70.58. Restaurant Brands International Inc. has a one year low of $65.75 and a one year 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 issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm 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, research analysts forecast that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International's dividend payout ratio is 58.15%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. Truist Financial decreased their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Monday, August 19th. Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. Guggenheim increased 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. Finally, Bank of America lifted their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average price target of $83.15.

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.