Metis Global Partners LLC Increases Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Metis Global Partners LLC grew its holdings in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,630 shares of the restaurant operator’s stock after buying an additional 1,057 shares during the quarter. Metis Global Partners LLC’s holdings in Restaurant Brands International were worth $987,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Restaurant Brands International by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after purchasing an additional 59,627 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $3,703,000. Allspring Global Investments Holdings LLC grew its stake in Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock worth $7,182,000 after purchasing an additional 91,893 shares during the period. Wellington Management Group LLP purchased a new position in Restaurant Brands International during the third quarter valued at $5,619,000. Finally, Vanguard Group Inc. increased its stake in shares of Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after acquiring an additional 203,594 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Up 0.3 %

Shares of QSR stock opened at $73.60 on Friday. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The company’s fifty day moving average price is $76.37 and its 200-day moving average price is $74.85. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 634,933 shares of company stock valued at $47,972,876. Corporate insiders own 1.25% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of a number of recent research reports. Scotiabank upped their price objective on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. TD Cowen reiterated a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Loop Capital lifted their price target on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Citigroup increased their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.56.

Read Our Latest Report on QSR

About Restaurant Brands International

(Free Report)

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.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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