Iridian Asset Management LLC CT Acquires 7,887 Shares of Restaurant Brands International Inc. (NYSE:QSR)

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

Several other large investors also recently added to or reduced their stakes in QSR. HM Payson & Co. acquired a new position in Restaurant Brands International during the first quarter worth $26,000. Dunhill Financial LLC boosted its position in Restaurant Brands International by 100.0% during the fourth 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. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $32,000. Private Trust Co. NA raised its position in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 476 shares during the period. 82.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QSR has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Scotiabank raised shares of Restaurant Brands International to a "hold" rating and set a $75.00 target price on the stock in a research report on Wednesday, June 18th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $75.82.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.40 during mid-day trading on Friday, reaching $67.35. 1,865,758 shares of the stock were exchanged, compared to its average volume of 2,106,184. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.99 and a beta of 0.58. 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 firm has a 50-day simple moving average of $68.51 and a 200 day simple moving average of $65.67. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07.

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 28.94% and a net margin of 10.82%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm's revenue was up 21.3% compared to the same quarter last year. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders 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 yield of 3.68%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated 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 sale, the insider owned 182,897 shares of the company's stock, valued at $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 this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

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.