Northwest & Ethical Investments L.P. Buys 6,486 Shares of Restaurant Brands International Inc. $QSR

Northwest & Ethical Investments L.P. boosted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,105 shares of the restaurant operator’s stock after acquiring an additional 6,486 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Restaurant Brands International were worth $6,765,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of QSR. Davis Selected Advisers bought a new stake in shares of Restaurant Brands International during the first quarter worth about $224,744,000. Royal Bank of Canada raised its holdings in shares of Restaurant Brands International by 16.7% during the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after purchasing an additional 3,230,735 shares during the period. Geode Capital Management LLC boosted its holdings in Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after acquiring an additional 2,277,694 shares in the last quarter. Invesco Ltd. grew its position in Restaurant Brands International by 465.8% in the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock valued at $176,247,000 after purchasing an additional 2,177,302 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 8.0% during the second quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after buying an additional 1,134,665 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 0.3%

Restaurant Brands International stock opened at $72.22 on Thursday. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $72.98. The business’s fifty day simple moving average is $67.32 and its two-hundred day simple moving average is $67.18. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, equities analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s payout ratio is 88.26%.

Insiders Place Their Bets

In related news, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman owned 193,855 shares in the company, valued at $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a report on Tuesday, October 21st. Citigroup boosted their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Royal Bank Of Canada reduced their target price on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler lowered their price objective on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.76.

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.