Louisbourg Investments Inc. Sells 33,118 Shares of Restaurant Brands International Inc. $QSR

Louisbourg Investments Inc. cut its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,097 shares of the restaurant operator’s stock after selling 33,118 shares during the quarter. Louisbourg Investments Inc.’s holdings in Restaurant Brands International were worth $5,337,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baupost Group LLC MA grew its stake in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares during the period. State Street Corp raised its stake in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in 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 valued at $955,855,000 after purchasing an additional 1,983,354 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Restaurant Brands International by 56.4% during the second quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock valued at $189,510,000 after purchasing an additional 1,029,500 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Restaurant Brands International by 62.2% during the second quarter. Bank of America Corp DE now owns 2,339,967 shares of the restaurant operator’s stock worth $155,116,000 after purchasing an additional 897,742 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 40,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.51, for a total value of $2,980,400.00. Following the completion of the sale, the chief financial officer owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 960,769 shares in the company, valued at approximately $72,105,713.45. This represents a 17.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 455,191 shares of company stock valued at $33,299,206. 1.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their target price on shares of Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Citigroup reduced their price target on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Finally, Oppenheimer increased their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.19.

Restaurant Brands International Trading Up 2.1%

Shares of QSR stock opened at $76.71 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The business has a 50-day moving average price of $70.85 and a two-hundred day moving average price of $69.18. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.18. The firm has a market cap of $26.63 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio (DPR) is 110.17%.

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.