Restaurant Brands International Inc. $QSR Shares Purchased by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,966 shares of the restaurant operator’s stock after buying an additional 12,039 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Restaurant Brands International were worth $4,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its stake in Restaurant Brands International by 23,154.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after purchasing an additional 39,362 shares during the period. UBS Group AG boosted its stake in shares of Restaurant Brands International by 37.0% during the 4th quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock valued at $96,125,000 after buying an additional 380,635 shares during the period. Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after buying an additional 295,935 shares during the period. EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after buying an additional 1,983,354 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after buying an additional 724,540 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.76, for a total value of $1,869,000.00. Following the transaction, the insider directly owned 478,845 shares in the company, valued at $35,798,452.20. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the completion of the transaction, the chief executive officer owned 960,769 shares in the company, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 350,000 shares of company stock valued at $26,198,650. 1.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on QSR shares. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Truist Financial lifted their target price on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Scotiabank lifted their target price on shares of Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Oppenheimer lifted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings upgraded shares of Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Stock Performance

Shares of QSR opened at $72.60 on Friday. The company has a market capitalization of $25.22 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.49. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company’s fifty day moving average price is $76.61 and its 200 day moving average price is $72.35.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International’s payout ratio is 91.55%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.