Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 113.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 895 shares of the restaurant operator’s stock after purchasing an additional 476 shares during the quarter. Bessemer Group Inc.’s holdings in Restaurant Brands International were worth $60,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC raised its holdings in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its holdings in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $60,000. Finally, Capital Analysts LLC raised its holdings in shares of Restaurant Brands International by 24.3% during the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research analyst reports. Citigroup reduced their target price on Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. CIBC reduced their target price on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. Truist Financial reduced their target price on Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and an average target price of $75.68.

Insiders Place Their Bets

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 0.5%

Shares of Restaurant Brands International stock opened at $68.59 on Friday. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.02 and a beta of 0.58. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The stock has a 50 day moving average of $68.12 and a 200 day moving average of $65.61.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The company’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.62%. Restaurant Brands International’s payout ratio is 84.07%.

Restaurant Brands International 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.