Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Baupost Group LLC MA

Baupost Group LLC MA grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 10,155.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,901,700 shares of the restaurant operator's stock after purchasing an additional 2,873,406 shares during the period. Restaurant Brands International makes up about 5.5% of Baupost Group LLC MA's holdings, making the stock its 7th biggest position. Baupost Group LLC MA owned about 0.89% of Restaurant Brands International worth $189,133,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock valued at $858,101,000 after acquiring an additional 421,873 shares in the last quarter. Norges Bank bought a new position in shares of Restaurant Brands International in the fourth quarter worth $264,813,000. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock worth $123,137,000 after buying an additional 467,958 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Restaurant Brands International by 1.6% during the 4th quarter. Scotia Capital Inc. now owns 1,544,713 shares of the restaurant operator's stock valued at $100,462,000 after acquiring an additional 24,319 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Restaurant Brands International by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock worth $86,780,000 after purchasing an additional 68,456 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the transaction, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 over the last three months. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on QSR. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Citigroup reduced their price objective on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Truist Financial decreased their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Morgan Stanley dropped their price objective on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.58.

Restaurant Brands International Price Performance

Shares of QSR traded up $0.98 during mid-day trading on Friday, reaching $63.23. The stock had a trading volume of 1,264,286 shares, compared to its average volume of 1,843,707. The business has a fifty day moving average of $65.10 and a 200 day moving average of $66.44. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a $0.62 dividend. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.

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.