Gulf International Bank UK Ltd Purchases 17,048 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Gulf International Bank UK Ltd increased its holdings in Restaurant Brands International Inc. by 2,758.6% in the first quarter, acquiring an additional 17,048 shares to reach a total of 17,666 shares valued at approximately $1.18 million.
• Several institutional investors, including Davis Selected Advisers and Meritage Group LP, have significantly modified their positions in Restaurant Brands, reflecting a growing interest in the company.
• Restaurant Brands International announced a quarterly dividend of $0.62 per share, representing an annualized yield of 3.8%, with the ex-dividend date set for September 23rd.

Gulf International Bank UK Ltd grew its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 2,758.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,666 shares of the restaurant operator's stock after acquiring an additional 17,048 shares during the period. Gulf International Bank UK Ltd's holdings in Restaurant Brands International were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QSR. Davis Selected Advisers bought a new position in shares of Restaurant Brands International in the 1st quarter valued at about $224,744,000. Meritage Group LP boosted its holdings in shares of Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying an additional 3,245,689 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after buying an additional 2,695,071 shares during the period. Invesco Ltd. boosted its holdings in shares of Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock worth $176,247,000 after buying an additional 2,177,302 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after buying an additional 1,053,640 shares during the period. Institutional investors own 82.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on QSR shares. CIBC reduced their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. UBS Group reduced their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. Truist Financial lifted 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. Bank of America reduced their target price on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Restaurant Brands International presently has an average rating of "Hold" and a consensus target price of $75.04.

Insider Transactions at Restaurant Brands International

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 transaction of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $65.35 on Friday. The company has a 50 day moving average of $67.52 and a 200-day moving average of $66.55. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. 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 company has a market cap of $21.42 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58.

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). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company posted $0.86 EPS. The business's revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast 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, October 7th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is currently 93.94%.

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.

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