Allspring Global Investments Holdings LLC Has $7.18 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Allspring Global Investments Holdings LLC increased its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 248,359.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,930 shares of the restaurant operator's stock after acquiring an additional 91,893 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Restaurant Brands International were worth $7,182,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator's stock valued at $784,853,000 after buying an additional 203,594 shares during the last quarter. CIBC Asset Management Inc grew its position in Restaurant Brands International by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator's stock valued at $290,287,000 after buying an additional 228,654 shares during the last quarter. Bank of Nova Scotia grew its position in Restaurant Brands International by 0.7% in the 3rd quarter. Bank of Nova Scotia now owns 3,235,000 shares of the restaurant operator's stock valued at $215,429,000 after buying an additional 21,544 shares during the last quarter. Fiera Capital Corp grew its position in Restaurant Brands International by 7.6% in the 3rd quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator's stock valued at $197,157,000 after buying an additional 207,609 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Restaurant Brands International by 4.2% during the 3rd quarter. TD Asset Management Inc now owns 2,799,932 shares of the restaurant operator's stock worth $187,276,000 after purchasing an additional 113,946 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

NYSE QSR traded up $0.64 during trading hours on Thursday, hitting $71.37. The company had a trading volume of 2,061,828 shares, compared to its average volume of 1,463,130. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The business has a fifty day simple moving average of $77.24 and a 200-day simple moving average of $73.83. The firm has a market cap of $22.58 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $0.72 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.25%. Restaurant Brands International's dividend payout ratio (DPR) is currently 61.54%.

Insider Activity

In related news, insider David Chan Shear sold 17,556 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company's stock, valued at $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider David Chan Shear sold 17,556 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company's stock, valued at $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Dunnigan sold 46,701 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $3,528,260.55. Following the transaction, the chief financial officer now directly owns 128,154 shares of the company's stock, valued at approximately $9,682,034.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 380,200 shares of company stock valued at $28,828,182. Company insiders own 1.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on QSR shares. Oppenheimer boosted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. Stephens restated an "equal weight" rating and set a $75.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Evercore boosted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Evercore ISI boosted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Finally, CIBC cut their target price on shares of Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.25.

About Restaurant Brands International

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.