Alberta Investment Management Corp Increases Stake in Restaurant Brands International Inc. $QSR

Alberta Investment Management Corp increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 587.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 866,100 shares of the restaurant operator’s stock after purchasing an additional 740,100 shares during the period. Alberta Investment Management Corp’s holdings in Restaurant Brands International were worth $59,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of Restaurant Brands International by 7.7% during the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares during the period. Vanguard Group Inc. increased its stake in shares of Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after buying an additional 344,066 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after buying an additional 1,983,354 shares during the period. Morgan Stanley increased its stake in shares of Restaurant Brands International by 24.2% during the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after buying an additional 1,641,870 shares during the period. Finally, Baupost Group LLC MA increased its stake in shares of Restaurant Brands International by 103.8% during the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the transaction, the chief executive officer directly owned 960,769 shares in the company, valued at $72,105,713.45. This trade represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 245,000 shares of company stock worth $18,356,850 over the last three months. 1.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on QSR. Piper Sandler raised Restaurant Brands International from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. Truist Financial raised their price objective on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays raised their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. CL King set a $81.00 price objective on Restaurant Brands International in a research report on Thursday, May 7th. Finally, Citigroup dropped their price objective on Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.54.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $75.66 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market cap of $26.28 billion, a PE ratio of 26.64, a P/E/G ratio of 1.94 and a beta of 0.49. The business has a 50-day simple moving average of $76.57 and a two-hundred day simple moving average of $72.57. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

About Restaurant Brands International

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.