Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 248,359.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,930 shares of the restaurant operator’s stock after purchasing an additional 91,893 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Restaurant Brands International were worth $7,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QSR. Norges Bank acquired a new position in Restaurant Brands International during the 4th quarter valued at about $91,144,000. Alliancebernstein L.P. boosted its holdings in shares of Restaurant Brands International by 222.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,957,325 shares of the restaurant operator’s stock valued at $126,580,000 after acquiring an additional 1,349,590 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Restaurant Brands International by 3,650.9% during the first quarter. Renaissance Technologies LLC now owns 787,687 shares of the restaurant operator’s stock valued at $46,002,000 after acquiring an additional 766,687 shares during the period. Dorsal Capital Management LLC acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $48,502,000. Finally, Bridgewater Associates LP raised its holdings in Restaurant Brands International by 360.2% during the first quarter. Bridgewater Associates LP now owns 882,707 shares of the restaurant operator’s stock worth $51,616,000 after purchasing an additional 690,887 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Activity at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 0.1 %

QSR stock opened at $70.73 on Thursday. The company has a 50 day moving average of $77.24 and a two-hundred day moving average of $73.83. The company has a market cap of $22.38 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.12 and a beta of 0.91. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. Restaurant Brands International’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.4 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.28%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s payout ratio is currently 61.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim increased their price target on Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Piper Sandler lowered their target price on Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Evercore ISI raised their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, TD Cowen reiterated a “buy” rating and issued a $90.00 target price on shares of Restaurant Brands International in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.25.

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.