Swiss National Bank Boosts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Swiss National Bank boosted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 909,030 shares of the restaurant operator's stock after purchasing an additional 9,100 shares during the period. Swiss National Bank owned about 0.28% of Restaurant Brands International worth $65,698,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. D1 Capital Partners L.P. bought a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $200,097,000. Canada Pension Plan Investment Board increased its position in Restaurant Brands International by 72.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator's stock valued at $211,059,000 after acquiring an additional 1,119,582 shares during the period. 1832 Asset Management L.P. boosted its position in Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator's stock valued at $403,398,000 after purchasing an additional 773,783 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock worth $811,907,000 after acquiring an additional 536,124 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Restaurant Brands International by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator's stock worth $390,678,000 after purchasing an additional 518,795 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction 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 the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares of the company's stock, valued at $6,866,420.76. The trade was a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on QSR. TD Cowen decreased their price target on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, November 14th. Piper Sandler decreased 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. 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 report on Monday, August 19th. Finally, Oppenheimer reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.37.

Restaurant Brands International Stock Down 0.1 %

Shares of NYSE QSR traded down $0.04 during trading on Wednesday, hitting $69.41. The stock had a trading volume of 1,186,166 shares, compared to its average volume of 1,578,694. Restaurant Brands International Inc. has a 12 month low of $65.87 and a 12 month high of $83.29. The company has a market capitalization of $22.47 billion, a PE ratio of 17.41, a PEG ratio of 2.20 and a beta of 0.94. 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 firm has a fifty day moving average of $70.21 and a two-hundred day moving average of $70.14.

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 paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.34%. Restaurant Brands International's dividend payout ratio (DPR) is 58.15%.

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.