Iridian Asset Management LLC CT Grows Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Iridian Asset Management LLC CT grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,870 shares of the restaurant operator's stock after purchasing an additional 7,887 shares during the period. Restaurant Brands International makes up about 2.4% of Iridian Asset Management LLC CT's holdings, making the stock its 13th largest holding. Iridian Asset Management LLC CT's holdings in Restaurant Brands International were worth $7,722,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC boosted its stake 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 purchasing an additional 200 shares during the period. HM Payson & Co. purchased a new position in shares of Restaurant Brands International during the first quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International during the 4th quarter valued at approximately $32,000. Private Trust Co. NA lifted its position 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 acquiring an additional 255 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Restaurant Brands International stock traded down $0.91 during midday trading on Wednesday, reaching $67.29. 2,632,697 shares of the company were exchanged, compared to its average volume of 2,106,033. The firm's 50-day simple moving average is $68.41 and its 200-day simple moving average is $65.65. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.02 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. Restaurant Brands International's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's payout ratio is currently 84.07%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International 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 transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group dropped their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Morgan Stanley raised their price objective on shares of Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Truist Financial lifted their price target on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.82.

Restaurant Brands International 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.