Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 788 shares of the restaurant operator’s stock after purchasing an additional 153 shares during the period. Parallel Advisors LLC’s holdings in Restaurant Brands International were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 203,594 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Restaurant Brands International by 9.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator’s stock valued at $331,197,000 after acquiring an additional 357,394 shares during the last quarter. Bank of Nova Scotia raised its holdings 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 acquiring an additional 21,544 shares during the last quarter. Norges Bank acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $243,551,000. Finally, Fiera Capital Corp raised its holdings in Restaurant Brands International by 4.8% in the 4th quarter. Fiera Capital Corp now owns 3,092,820 shares of the restaurant operator’s stock valued at $243,711,000 after acquiring an additional 140,362 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $71.06 on Friday. The stock has a market cap of $22.48 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The company has a fifty day simple moving average of $72.21 and a 200-day simple moving average of $75.05. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts expect that Restaurant Brands International Inc. will post 3.34 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.26%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. BMO Capital Markets raised their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Truist Financial raised their price target on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Citigroup raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird raised their price target on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.18.

View Our Latest Stock Report on QSR

Insider Buying and Selling

In related news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

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.

See Also

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

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