Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by AIA Group Ltd

Key Points

• AIA Group Ltd has increased its stake in Restaurant Brands International Inc. by 28.9%, holding 72,921 shares valued at $4.86 million.
• Several analysts have revised their price targets for QSR, with Piper Sandler reducing their target from $72.00 to $70.00, while Oppenheimer raised it from $77.00 to $80.00.
• Insider Jacqueline Friesner sold 70,000 shares of the company for approximately $4.91 million, marking a 27.68% decrease in her ownership of Restaurant Brands International.

AIA Group Ltd boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 28.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,921 shares of the restaurant operator's stock after buying an additional 16,346 shares during the quarter. AIA Group Ltd's holdings in Restaurant Brands International were worth $4,859,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC lifted its holdings in shares of Restaurant Brands International by 7.0% in the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 163 shares during the last quarter. Capital Analysts LLC lifted its holdings in Restaurant Brands International by 24.3% during the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock worth $62,000 after buying an additional 186 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after buying an additional 200 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Restaurant Brands International by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock worth $224,000 after buying an additional 226 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QSR shares. Truist Financial increased their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. UBS Group reduced their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Guggenheim increased their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reduced their target price on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Finally, Morgan Stanley reduced their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $75.04.

Restaurant Brands International Stock Up 1.1%

Shares of NYSE QSR traded up $0.69 during mid-day trading on Wednesday, reaching $65.50. The company had a trading volume of 1,998,932 shares, compared to its average volume of 2,140,968. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The firm has a 50 day simple moving average of $67.76 and a two-hundred day simple moving average of $66.52. The stock has a market cap of $21.47 billion, a P/E ratio of 24.81, a PEG ratio of 2.79 and a beta of 0.58. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. Restaurant Brands International's dividend payout ratio is currently 93.94%.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares in the company, valued at $12,817,421.76. This represents a 27.68% decrease in their position. 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 corporate insiders.

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.