Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 55.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,857 shares of the restaurant operator's stock after buying an additional 25,292 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Restaurant Brands International were worth $4,759,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted 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 buying an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $32,000. Bessemer Group Inc. lifted its holdings in 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 acquiring an additional 476 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International in the fourth quarter valued at $60,000. Finally, Capital Analysts LLC raised its position in Restaurant Brands International by 24.3% in the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 1.3%

Shares of QSR traded down $0.91 during mid-day trading on Wednesday, reaching $67.29. The company's stock had a trading volume of 2,632,697 shares, compared to its average volume of 2,106,034. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $75.07. The stock has a market cap of $22.05 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The company's 50 day moving average is $68.46 and its 200 day moving average is $65.66.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly 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 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 28.94% and a net margin of 10.82%. The company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Morgan Stanley boosted their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Robert W. Baird cut their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, CIBC cut their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.