Canada Pension Plan Investment Board Has $194.07 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Canada Pension Plan Investment Board lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 29.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,981,357 shares of the restaurant operator’s stock after buying an additional 679,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Restaurant Brands International were worth $194,069,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in QSR. Venturi Wealth Management LLC increased its position in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc raised its position in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth about $60,000. Finally, Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $74,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $62.28 on Thursday. The stock has a fifty day moving average of $65.24 and a 200-day moving average of $66.57. The stock has a market cap of $20.38 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.62 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.98%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Insider Buying and Selling

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock worth $17,740,281 over the last ninety days. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on QSR shares. Oppenheimer lowered their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Guggenheim increased their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Wells Fargo & Company dropped their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $76.58.

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.