Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,072 shares of the restaurant operator's stock after acquiring an additional 34,729 shares during the period. Restaurant Brands International accounts for about 3.1% of Scheer Rowlett & Associates Investment Management Ltd.'s portfolio, making the stock its 14th biggest position. Scheer Rowlett & Associates Investment Management Ltd. owned about 0.20% of Restaurant Brands International worth $41,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its position in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator's stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the last quarter. Holocene Advisors LP acquired a new position in Restaurant Brands International during the 3rd quarter worth about $89,790,000. Point72 Asset Management L.P. lifted its holdings in Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator's stock worth $105,707,000 after buying an additional 1,082,622 shares during the period. Janus Henderson Group PLC lifted its holdings in Restaurant Brands International by 848.9% during the 3rd quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator's stock worth $26,756,000 after buying an additional 331,880 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Restaurant Brands International by 16.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator's stock worth $159,251,000 after buying an additional 307,791 shares during the period. Institutional investors own 82.29% of the company's stock.
Restaurant Brands International Stock Performance
Restaurant Brands International stock traded down $1.33 during trading on Wednesday, hitting $66.68. The stock had a trading volume of 2,251,905 shares, compared to its average volume of 2,260,537. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock's 50 day moving average is $63.68 and its two-hundred day moving average is $67.36. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS 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%. As a group, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.
Restaurant Brands International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.72%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is currently 77.99%.
Insiders Place Their Bets
In other Restaurant Brands International news, insider Jeffrey Housman sold 14,593 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the sale, the insider now owns 142,986 shares in the company, valued at $9,205,438.68. This represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Duncan Fulton sold 27,500 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the sale, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This trade represents a 44.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 287,726 shares of company stock worth $18,269,723 over the last 90 days. Corporate insiders own 1.36% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. CIBC cut their target price on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, January 10th. Guggenheim raised Restaurant Brands International from a "neutral" rating to a "buy" rating and decreased their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, TD Cowen lowered Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $77.33.
Check Out Our Latest Stock Report on Restaurant Brands International
Restaurant Brands International Profile
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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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