Aviso Financial Inc. increased its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 953,186 shares of the restaurant operator's stock after purchasing an additional 11,164 shares during the period. Restaurant Brands International makes up approximately 3.1% of Aviso Financial Inc.'s portfolio, making the stock its 11th biggest holding. Aviso Financial Inc. owned approximately 0.29% of Restaurant Brands International worth $63,566,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of QSR. Davis Selected Advisers bought a new position in shares of Restaurant Brands International in the first quarter worth approximately $224,744,000. Meritage Group LP increased its position in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after purchasing an additional 3,245,689 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Invesco Ltd. increased its position in shares of Restaurant Brands International by 465.8% in the first quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator's stock worth $176,247,000 after purchasing an additional 2,177,302 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Restaurant Brands International by 29.4% in the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after purchasing an additional 1,053,640 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.
Restaurant Brands International Trading Up 0.0%
QSR stock traded up $0.0160 during midday trading on Thursday, hitting $63.7660. The company had a trading volume of 1,663,282 shares, compared to its average volume of 2,474,546. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The stock's 50 day moving average price is $67.31 and its 200 day moving average price is $66.63. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.87 and a beta of 0.58.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a yield of 3.9%. Restaurant Brands International's payout ratio is presently 93.94%.
Insider Activity
In other news, insider Jacqueline Friesner sold 70,000 shares of the business'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 directly owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.25% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Guggenheim upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada dropped their target price on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Piper Sandler dropped their target price on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Citigroup dropped their target price on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Finally, Melius began coverage on Restaurant Brands International in a research report on Monday, July 14th. They issued a "buy" rating and a $90.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.04.
Read Our Latest Research Report on Restaurant Brands International
Restaurant Brands International Company Profile
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Free Report)
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.
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