TD Asset Management Inc Purchases 38,919 Shares of Restaurant Brands International Inc. $QSR

TD Asset Management Inc raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,544,780 shares of the restaurant operator’s stock after acquiring an additional 38,919 shares during the period. TD Asset Management Inc’s holdings in Restaurant Brands International were worth $378,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. boosted its stake in shares of Restaurant Brands International by 23,154.1% during the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock valued at $2,535,000 after purchasing an additional 39,362 shares during the period. UBS Group AG boosted its stake in shares of Restaurant Brands International by 37.0% during the fourth quarter. UBS Group AG now owns 1,408,839 shares of the restaurant operator’s stock valued at $96,125,000 after purchasing an additional 380,635 shares during the period. Machina Capital S.A.S. purchased a new stake in shares of Restaurant Brands International during the third quarter valued at $1,214,000. EdgePoint Investment Group Inc. boosted 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 purchasing an additional 1,983,354 shares during the period. Finally, Fiera Capital Corp boosted its stake 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 purchasing an additional 724,540 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QSR. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. UBS Group boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Citigroup lowered their target price on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $71.00 to $84.00 in a research note on Monday, March 2nd. Finally, Oppenheimer boosted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $83.54.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 200,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the completion of the sale, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. This represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the sale, the insider directly owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 350,000 shares of company stock valued at $26,198,650 over the last quarter. 1.22% of the stock is owned by company insiders.

Restaurant Brands International Stock Up 1.7%

NYSE:QSR opened at $72.80 on Thursday. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96. The company has a 50-day moving average of $76.66 and a 200 day moving average of $72.33. The firm has a market cap of $25.29 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.85 and a beta of 0.49. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 4.07 EPS 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 7th. Investors of record on Tuesday, June 23rd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio is 91.55%.

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.