Allspring Global Investments Holdings LLC Has $4.76 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 55.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,857 shares of the restaurant operator’s stock after acquiring an additional 25,292 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Restaurant Brands International were worth $4,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC boosted its stake in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth about $32,000. Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International during the fourth quarter worth about $60,000. Bessemer Group Inc. grew its holdings in shares of Restaurant Brands International by 113.6% during the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator’s stock worth $60,000 after buying an additional 476 shares in the last quarter. Finally, Capital Analysts LLC raised its position in Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 186 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider owned 182,897 shares of the company’s stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Stock Up 0.5%

Shares of NYSE QSR opened at $68.59 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The company has a market cap of $22.48 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.04 and a beta of 0.58. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07. The business has a 50-day simple moving average of $68.24 and a two-hundred day simple moving average of $65.62.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly 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 firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Research analysts anticipate 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 will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.62%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio is 84.07%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotiabank raised Restaurant Brands International to a “hold” rating and set a $75.00 price target for the company in a research report on Wednesday, June 18th. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. UBS Group decreased their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and a consensus target price of $75.68.

Restaurant Brands International 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.