Public Employees Retirement System of Ohio Acquires 28,248 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Public Employees Retirement System of Ohio lifted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 110.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,873 shares of the restaurant operator's stock after purchasing an additional 28,248 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Restaurant Brands International were worth $3,510,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dunhill Financial LLC increased its holdings in shares of Restaurant Brands International by 100.0% in 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. Venturi Wealth Management LLC increased its stake in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International in the fourth quarter valued at $60,000. Institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In related 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 value of $4,905,600.00. Following the completion of the transaction, the insider now directly owns 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on QSR. Oppenheimer increased their target price on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, May 27th. TD Securities reissued a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. UBS Group cut their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Truist Financial cut their price target 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $75.91.

Restaurant Brands International Trading Down 0.0%

Shares of Restaurant Brands International stock traded down $0.03 during trading on Wednesday, reaching $71.71. 335,314 shares of the stock were exchanged, compared to its average volume of 2,260,515. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock's fifty day moving average is $66.22 and its 200 day moving average is $65.89. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The business's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is currently 84.07%.

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.