Deutsche Bank AG Purchases 29,311 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Deutsche Bank AG raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 417,889 shares of the restaurant operator's stock after acquiring an additional 29,311 shares during the quarter. Deutsche Bank AG owned 0.13% of Restaurant Brands International worth $27,238,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Inkwell Capital LLC acquired a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $3,370,000. Summerhill Capital Management lnc. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $841,000. Aviso Financial Inc. raised its stake in Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock valued at $61,384,000 after purchasing an additional 37,241 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in Restaurant Brands International by 2.8% in the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock valued at $21,664,000 after purchasing an additional 9,208 shares in the last quarter. Finally, Baupost Group LLC MA boosted its stake in shares of Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. CIBC lowered their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. Barclays dropped their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Truist Financial lowered their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Guggenheim boosted their price target on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Finally, Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $75.65.

Restaurant Brands International Stock Performance

QSR stock traded down $0.20 during trading on Tuesday, hitting $71.16. 291,503 shares of the company's stock traded hands, compared to its average volume of 1,858,701. The stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07. The stock has a fifty day moving average price of $65.45 and a two-hundred day moving average price of $65.67. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.73 EPS. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is currently 84.07%.

Insider Buying and Selling at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at $16,023,731.36. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the firm's 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 transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is owned by corporate insiders.

About Restaurant Brands International

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.