Teachers Retirement System of The State of Kentucky Invests $5.78 Million in Restaurant Brands International Inc. (NYSE:QSR)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 86,700 shares of the restaurant operator's stock, valued at approximately $5,778,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dunhill Financial LLC lifted its stake in shares of 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 during the period. HM Payson & Co. acquired a new stake in shares of Restaurant Brands International during the first quarter worth $26,000. Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares during the period. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 438.6% during the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after buying an additional 636 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. CIBC lowered their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Truist Financial boosted their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Citigroup decreased their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Morgan Stanley decreased their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research report on Monday, July 14th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $75.65.

Restaurant Brands International Stock Down 0.3%

QSR stock opened at $68.92 on Tuesday. The stock has a market capitalization of $22.59 billion, a P/E ratio of 23.36, a P/E/G ratio of 2.02 and a beta of 0.58. The firm has a 50-day simple moving average of $68.60 and a 200-day simple moving average of $65.78. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company 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 firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.60%. Restaurant Brands International's dividend payout ratio is presently 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.

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