Canada Pension Plan Investment Board Has $245.88 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Canada Pension Plan Investment Board lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 31.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,490,157 shares of the restaurant operator’s stock after buying an additional 835,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Restaurant Brands International were worth $245,881,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in Restaurant Brands International in the 4th quarter worth about $79,000. Dimensional Fund Advisors LP increased its stake in shares of Restaurant Brands International by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock valued at $51,058,000 after buying an additional 5,192 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Restaurant Brands International by 20.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,569 shares of the restaurant operator’s stock valued at $435,000 after buying an additional 962 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Restaurant Brands International by 163.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock worth $1,305,000 after buying an additional 10,355 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in Restaurant Brands International during the 4th quarter worth approximately $245,000. 82.29% of the stock is currently owned by institutional investors.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Trading Up 2.6 %

NYSE QSR opened at $71.07 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The business has a 50 day moving average price of $70.27 and a 200-day moving average price of $72.08. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 2.08 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s payout ratio is presently 59.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QSR shares. Bank of America raised their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. KeyCorp lowered their target price on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler cut their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, TD Cowen reiterated a “buy” rating and issued a $82.00 target price on shares of Restaurant Brands International in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.11.

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.