Restaurant Brands International Inc. $QSR Shares Purchased by Amundi

Amundi raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,103 shares of the restaurant operator's stock after acquiring an additional 35,568 shares during the period. Amundi owned approximately 0.13% of Restaurant Brands International worth $33,652,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator's stock valued at $365,279,000 after purchasing an additional 295,935 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 38.2% in the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator's stock worth $466,595,000 after buying an additional 1,889,359 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Restaurant Brands International by 851.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator's stock worth $25,713,000 after buying an additional 336,615 shares in the last quarter. Norges Bank acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at $260,709,000. Finally, Legal & General Group Plc lifted its holdings in shares of Restaurant Brands International by 5.1% in the fourth quarter. Legal & General Group Plc now owns 1,693,511 shares of the restaurant operator's stock valued at $115,708,000 after buying an additional 81,533 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Price Performance

QSR opened at $76.42 on Friday. The firm has a market capitalization of $26.65 billion, a P/E ratio of 20.54, a PEG ratio of 2.15 and a beta of 0.51. The stock has a fifty day moving average of $76.06 and a 200-day moving average of $75.30. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. Restaurant Brands International Inc. has a 12-month low of $61.92 and a 12-month high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Equities analysts forecast that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. Restaurant Brands International's dividend payout ratio (DPR) is 69.89%.

Insider Activity at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider directly owned 209,908 shares of the company's stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Scotia cut their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Friday, August 7th. Royal Bank Of Canada set a $85.00 price objective on shares of Restaurant Brands International and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 15th. Piper Sandler cut their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Finally, Citigroup increased their target price on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.00.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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