BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $70.79 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 967.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,087,542 shares of the restaurant operator's stock after purchasing an additional 985,615 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.34% of Restaurant Brands International worth $70,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $264,813,000. Meritage Group LP lifted its stake in Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after buying an additional 3,245,689 shares during the last quarter. Baupost Group LLC MA boosted its holdings in shares of Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. grew its position in shares of Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after acquiring an additional 2,695,071 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Restaurant Brands International by 2.0% during the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after acquiring an additional 841,167 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction 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 completion of the transaction, the chief financial officer now owns 235,228 shares of the company's stock, valued at $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,646 shares of company stock worth $9,753,039. Corporate insiders own 1.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Truist Financial dropped their price target on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Guggenheim increased their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company lowered their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.65.

Restaurant Brands International Trading Up 0.9%

QSR stock traded up $0.64 during midday trading on Monday, reaching $70.07. 1,947,872 shares of the company's stock traded hands, compared to its average volume of 1,873,851. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The business has a 50-day moving average price of $65.70 and a two-hundred day moving average price of $65.70. The company has a market capitalization of $22.96 billion, a P/E ratio of 22.04, a PEG ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.54%. Restaurant Brands International's payout ratio is 84.07%.

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.