Restaurant Brands International Inc. $QSR Holdings Raised by Lincluden Management Ltd.

Lincluden Management Ltd. lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 484,125 shares of the restaurant operator’s stock after purchasing an additional 21,167 shares during the quarter. Restaurant Brands International accounts for about 3.5% of Lincluden Management Ltd.’s investment portfolio, making the stock its 11th largest holding. Lincluden Management Ltd. owned 0.15% of Restaurant Brands International worth $31,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QSR. Vanguard Group Inc. lifted its stake in Restaurant Brands International by 2.2% during the third quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator’s stock valued at $1,003,301,000 after buying an additional 335,793 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Restaurant Brands International by 15.4% in the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after acquiring an additional 1,983,354 shares in the last quarter. Baupost Group LLC MA increased its position in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Restaurant Brands International by 0.3% during the third quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock valued at $353,284,000 after acquiring an additional 18,964 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of Restaurant Brands International by 17.2% during the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock valued at $317,191,000 after acquiring an additional 724,540 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 2.7%

Restaurant Brands International stock opened at $74.58 on Tuesday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.08. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The firm has a market cap of $25.84 billion, a PE ratio of 31.60, a P/E/G ratio of 2.06 and a beta of 0.56. The firm’s 50 day moving average price is $69.44 and its two-hundred day moving average price is $68.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company posted $0.81 EPS. Restaurant Brands International’s revenue was up 7.4% on a year-over-year basis. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is presently 105.08%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Schwan sold 34,939 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $2,358,731.89. Following the transaction, the insider directly owned 194,984 shares of the company’s stock, valued at $13,163,369.84. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 12,828 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $866,018.28. Following the transaction, the chief financial officer owned 31,923 shares in the company, valued at approximately $2,155,121.73. This trade represents a 28.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 105,191 shares of company stock worth $7,100,556. Insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Cowen decreased their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Truist Financial increased their target price on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Finally, Piper Sandler upgraded Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $84.00 in a report on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.95.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.