JARISLOWSKY FRASER Ltd Has $552.90 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

JARISLOWSKY FRASER Ltd cut its holdings in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,041,995 shares of the restaurant operator’s stock after selling 240,887 shares during the period. Restaurant Brands International comprises approximately 3.3% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 8th biggest holding. JARISLOWSKY FRASER Ltd owned about 2.25% of Restaurant Brands International worth $552,902,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QSR. Principal Financial Group Inc. grew its holdings in shares of Restaurant Brands International by 10.2% in the third quarter. Principal Financial Group Inc. now owns 24,447 shares of the restaurant operator’s stock valued at $1,636,000 after acquiring an additional 2,266 shares in the last quarter. Signaturefd LLC grew its holdings in Restaurant Brands International by 4.2% during the third quarter. Signaturefd LLC now owns 5,043 shares of the restaurant operator’s stock valued at $336,000 after purchasing an additional 204 shares during the period. NBC Securities Inc. bought a new position in Restaurant Brands International during the third quarter valued at $304,000. AdvisorShares Investments LLC grew its holdings in Restaurant Brands International by 49.3% during the third quarter. AdvisorShares Investments LLC now owns 2,068 shares of the restaurant operator’s stock valued at $138,000 after purchasing an additional 683 shares during the period. Finally, Sigma Planning Corp grew its holdings in Restaurant Brands International by 2.4% during the third quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator’s stock valued at $520,000 after purchasing an additional 184 shares during the period. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Trading Up 0.5 %

Shares of NYSE:QSR traded up $0.31 on Monday, reaching $67.53. 1,312,400 shares of the company traded hands, compared to its average volume of 1,570,873. The business’s 50-day simple moving average is $74.19 and its 200 day simple moving average is $75.19. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a market capitalization of $21.37 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.34 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.44%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Analyst Ratings Changes

Several equities analysts have weighed in on QSR shares. Barclays increased their price objective on Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. KeyCorp increased their price objective on Restaurant Brands International from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, February 16th. TD Cowen reissued a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a report on Tuesday, April 30th. Finally, Truist Financial increased their target price on Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $83.56.

Get Our Latest Report on QSR

Insider Activity

In related news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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