Burgundy Asset Management Ltd. raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,167,299 shares of the restaurant operator's stock after acquiring an additional 4,464 shares during the period. Burgundy Asset Management Ltd. owned 0.36% of Restaurant Brands International worth $76,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock valued at $858,101,000 after acquiring an additional 421,873 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after acquiring an additional 2,695,071 shares during the period. Norges Bank purchased a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $264,813,000. Finally, Meritage Group LP raised its position in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after purchasing an additional 3,245,689 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.
Restaurant Brands International Stock Down 0.1%
NYSE:QSR traded down $0.09 during mid-day trading on Wednesday, hitting $71.51. The company had a trading volume of 457,147 shares, compared to its average volume of 1,876,616. The business has a fifty day simple moving average of $65.82 and a 200-day simple moving average of $65.76. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 22.47, 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). 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 analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business's quarterly revenue was up 21.3% compared to the same quarter last year. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.47%. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.
Insiders Place Their Bets
In related news, insider Duncan Fulton sold 27,500 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares of the company's stock, valued at approximately $2,251,590.52. This represents a 44.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on QSR. UBS Group cut their price target on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Robert W. Baird reduced their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company dropped 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 report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, Oppenheimer boosted their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $75.78.
Get Our Latest Stock Analysis on Restaurant Brands International
Restaurant Brands International Company Profile
(
Free Report)
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.
Further Reading
Before you consider Restaurant Brands International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Restaurant Brands International wasn't on the list.
While Restaurant Brands International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
