Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) saw strong trading volume on Wednesday . 4,488,290 shares were traded during trading, an increase of 174% from the previous session’s volume of 1,638,462 shares.The stock last traded at $69.54 and had previously closed at $69.28.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research analyst reports. Piper Sandler cut their price target on shares of 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. Truist Financial reduced their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. The Goldman Sachs Group assumed coverage on shares of Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 target price on the stock. Bank of America increased their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada upped their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.11.

Restaurant Brands International Price Performance

The firm has a market capitalization of $22.26 billion, a PE ratio of 18.32, a P/E/G ratio of 2.08 and a beta of 0.93. The company has a 50-day moving average price of $70.27 and a 200-day moving average price of $72.08. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.36 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.30%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was 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 $6,866,420.76. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors raised its position in Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after purchasing an additional 3,971,774 shares during the period. D1 Capital Partners L.P. acquired a new position in Restaurant Brands International during the 2nd quarter worth approximately $200,097,000. TD Asset Management Inc boosted its holdings in Restaurant Brands International by 41.0% in the 1st quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after acquiring an additional 1,409,552 shares during the period. Canada Pension Plan Investment Board grew its position in Restaurant Brands International by 72.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after acquiring an additional 1,119,582 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Company 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.