Restaurant Brands International Inc. (NYSE:QSR) Stock Holdings Increased by Canoe Financial LP

Canoe Financial LP increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,307,351 shares of the restaurant operator's stock after buying an additional 291,269 shares during the period. Restaurant Brands International comprises approximately 2.5% of Canoe Financial LP's holdings, making the stock its 14th biggest holding. Canoe Financial LP owned about 0.70% of Restaurant Brands International worth $153,834,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Restaurant Brands International during the 4th quarter valued at $264,813,000. Meritage Group LP raised its stake in shares of 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 in the last quarter. Baupost Group LLC MA lifted its position in shares of Restaurant Brands International by 10,155.5% during the fourth 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. EdgePoint Investment Group Inc. grew its stake in 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 worth $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Restaurant Brands International by 967.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock worth $70,793,000 after purchasing an additional 985,615 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling

In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the sale, the insider now owns 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.36% of the company's stock.

Restaurant Brands International Price Performance

NYSE:QSR traded down $0.50 during mid-day trading on Tuesday, reaching $65.45. 3,284,415 shares of the stock were exchanged, compared to its average volume of 1,954,310. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The business has a fifty day moving average price of $67.54 and a 200 day moving average price of $65.71. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.07. The firm has a market capitalization of $21.45 billion, a PE ratio of 22.18, a PEG ratio of 1.96 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the firm earned $0.73 EPS. The business's revenue for the quarter was up 21.3% on a year-over-year basis. Research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share 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. Stockholders of record on Tuesday, June 24th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is presently 84.07%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Guggenheim increased their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, April 4th. JPMorgan Chase & Co. reduced their price objective 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. Robert W. Baird lowered their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company reduced their price target on shares of 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. Finally, 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 report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Restaurant Brands International presently has a consensus rating of "Hold" and an average target price of $75.68.

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.