Capital World Investors Has $2.97 Billion Position in Restaurant Brands International Inc. $QSR

Capital World Investors lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,525,570 shares of the restaurant operator’s stock after purchasing an additional 3,095,167 shares during the quarter. Capital World Investors owned 0.13% of Restaurant Brands International worth $2,969,819,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares during the period. EdgePoint Investment Group Inc. raised its position in shares of Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares during the period. Baupost Group LLC MA raised its position in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares during the period. TD Asset Management Inc raised its position in shares of Restaurant Brands International by 0.7% during the fourth quarter. TD Asset Management Inc now owns 5,544,780 shares of the restaurant operator’s stock worth $378,851,000 after purchasing an additional 38,919 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock worth $365,279,000 after purchasing an additional 295,935 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada raised their price target on Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. KeyCorp raised their price target on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. TD Cowen raised their price target on Restaurant Brands International from $76.00 to $79.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Finally, CL King set a $81.00 price target on Restaurant Brands International in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.54.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 40,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the transaction, the chief financial officer directly owned 35,766 shares in the company, valued at approximately $2,664,924.66. This trade represents a 52.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the transaction, the chief executive officer owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. The trade was a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 350,000 shares of company stock valued at $26,198,650 in the last 90 days. 1.22% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Up 1.1%

NYSE:QSR opened at $72.60 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market cap of $25.22 billion, a PE ratio of 25.56, a PEG ratio of 1.88 and a beta of 0.49. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The stock has a 50-day simple moving average of $76.61 and a 200 day simple moving average of $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 analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Restaurant Brands International Company 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.