Vanguard Group Inc. Boosts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Vanguard Group Inc. grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,165,498 shares of the restaurant operator's stock after purchasing an additional 421,873 shares during the quarter. Vanguard Group Inc. owned approximately 4.06% of Restaurant Brands International worth $858,101,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased its holdings in Restaurant Brands International by 68.6% during 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 buying an additional 1,294,185 shares during the period. Holocene Advisors LP bought a new stake in Restaurant Brands International during the 3rd quarter valued at $89,790,000. Point72 Asset Management L.P. raised its position in shares of Restaurant Brands International by 282.6% in 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 acquiring an additional 1,082,622 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of 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 purchasing an additional 331,880 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Restaurant Brands International during the fourth quarter valued at about $19,243,000. Institutional investors own 82.29% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have commented on QSR shares. Oppenheimer reduced their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Truist Financial reduced their price target on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Citigroup boosted their target price on Restaurant Brands International from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $77.08.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded up $0.87 during midday trading on Thursday, hitting $67.76. 2,914,942 shares of the company were exchanged, compared to its average volume of 1,782,765. The business has a fifty day simple moving average of $65.38 and a two-hundred day simple moving average of $67.19. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $22.17 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $77.64.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.66%. Restaurant Brands International's payout ratio is presently 77.99%.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 12,420 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Duncan Fulton sold 27,500 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 34,822 shares of the company's stock, valued at approximately $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 300,226 shares of company stock worth $19,121,223. Company insiders own 1.36% of the company's stock.

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.