Restaurant Brands International Inc. $QSR Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 177.3% in the third quarter, HoldingsChannel.com reports. The fund owned 74,318 shares of the restaurant operator’s stock after buying an additional 47,518 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Restaurant Brands International were worth $5,301,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares in the last quarter. Bank of America Corp DE grew its position in Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock worth $364,524,000 after acquiring an additional 2,910,454 shares during the last quarter. Platinum Paramount Investment LTD. acquired a new stake in Restaurant Brands International during the 4th quarter valued at $281,033,000. Canoe Financial LP increased its holdings in Restaurant Brands International by 34.5% during the 1st quarter. Canoe Financial LP now owns 3,348,043 shares of the restaurant operator’s stock valued at $247,664,000 after purchasing an additional 858,490 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Restaurant Brands International by 4.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,473,606 shares of the restaurant operator’s stock valued at $176,998,000 after purchasing an additional 112,267 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on QSR shares. Scotiabank cut their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Piper Sandler decreased their target price on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Finally, Jefferies Financial Group cut their price target on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insider Buying and Selling

In other news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.22% of the company’s stock.

Restaurant Brands International Price Performance

QSR opened at $74.06 on Friday. Restaurant Brands International Inc. has a one year low of $64.52 and a one year high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The company’s 50 day simple moving average is $75.04 and its 200-day simple moving average is $75.28. The stock has a market capitalization of $25.83 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.94 earnings per share. Restaurant Brands International’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.19 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.