Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 165.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,148,850 shares of the restaurant operator’s stock after buying an additional 715,754 shares during the period. Arrowstreet Capital Limited Partnership owned 0.35% of Restaurant Brands International worth $74,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after acquiring an additional 421,873 shares in the last quarter. Norges Bank acquired a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $264,813,000. National Bank of Canada FI grew its position in shares of Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after purchasing an additional 1,082,622 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after buying an additional 126,600 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QSR has been the subject of several analyst reports. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $74.00 to $71.00 in a report on Friday, January 24th. Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Finally, Truist Financial reduced their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Restaurant Brands International Price Performance

Shares of QSR opened at $66.73 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.28. The company has a market cap of $21.84 billion, a P/E ratio of 20.98, a PEG ratio of 1.77 and a beta of 0.95. The firm’s 50 day moving average price is $65.00 and its 200 day moving average price is $67.20.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Company 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.