BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 17,175 Shares of Restaurant Brands International Inc. (NYSE:QSR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 433,185 shares of the restaurant operator’s stock after buying an additional 17,175 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Restaurant Brands International were worth $30,528,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in QSR. Dimensional Fund Advisors LP grew its position in Restaurant Brands International by 0.8% during 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. PNC Financial Services Group Inc. boosted its position in Restaurant Brands International by 163.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock worth $1,305,000 after purchasing an additional 10,355 shares during the period. Coldstream Capital Management Inc. bought a new position in Restaurant Brands International during the fourth quarter worth about $245,000. Clearbridge Investments LLC bought a new position in Restaurant Brands International during the fourth quarter worth about $291,000. Finally, Assetmark Inc. boosted its position in Restaurant Brands International by 17.3% during the fourth quarter. Assetmark Inc. now owns 19,255 shares of the restaurant operator’s stock worth $1,504,000 after purchasing an additional 2,835 shares during the period. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on QSR shares. Stifel Nicolaus cut their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Truist Financial cut their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Guggenheim increased their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, KeyCorp lowered their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s 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.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,551,594.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 0.4 %

QSR stock opened at $70.55 on Tuesday. The company has a market capitalization of $22.35 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The company’s 50 day moving average price is $70.18 and its two-hundred day moving average price is $71.84. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for 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, analysts predict that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is 59.79%.

About Restaurant Brands International

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.