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Scotia Capital Inc. Has $97.26 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Restaurant Brands International logo with Retail/Wholesale background

Key Points

  • Scotia Capital Inc. reduced its stake in Restaurant Brands International by 4.1%, owning approximately 1.48 million shares valued at $97.26 million as of the latest SEC filing.
  • Institutional investors and hedge funds collectively own 82.29% of Restaurant Brands International, with significant stake increases reported from firms like Meritage Group LP and Baupost Group LLC.
  • Restaurant Brands International recently announced a quarterly dividend of $0.62 per share, representing a dividend yield of 3.6% with a payout ratio of 84.07%.
  • MarketBeat previews top five stocks to own in September.

Scotia Capital Inc. reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,481,072 shares of the restaurant operator's stock after selling 63,641 shares during the quarter. Scotia Capital Inc. owned approximately 0.45% of Restaurant Brands International worth $97,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Meritage Group LP lifted its holdings in Restaurant Brands International by 5,795.9% in the 4th 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. Baupost Group LLC MA lifted its holdings in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 26.6% in the 4th 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. TD Asset Management Inc lifted its holdings in Restaurant Brands International by 29.4% in the 1st 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. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Restaurant Brands International by 967.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock worth $70,793,000 after purchasing an additional 985,615 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QSR has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Wells Fargo & Company cut their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a report on Thursday, June 26th. Oppenheimer upped their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Finally, CIBC cut their price target on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Restaurant Brands International has an average rating of "Hold" and a consensus target price of $76.09.

Get Our Latest Stock Analysis on Restaurant Brands International

Insider Activity at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction 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 sale, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $68.09 on Friday. 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 stock has a fifty day moving average price of $68.55 and a two-hundred day moving average price of $66.25. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09. The firm has a market capitalization of $22.32 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.12 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is presently 84.07%.

About Restaurant Brands International

(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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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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