Restaurant Brands International Inc. $QSR Stock: Letko Brosseau & Associates Inc. Increases Position

Letko Brosseau & Associates Inc. grew its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 668,125 shares of the restaurant operator’s stock after purchasing an additional 24,854 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Restaurant Brands International were worth $47,657,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Restaurant Brands International by 143.9% during the first quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock worth $364,524,000 after purchasing an additional 2,910,454 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 16.2% in the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock valued at $1,432,015,000 after buying an additional 2,703,134 shares during the last quarter. London Co. of Virginia purchased a new stake in Restaurant Brands International in the 1st quarter valued at about $147,967,000. Cullen Capital Management LLC purchased a new stake in Restaurant Brands International in the 2nd quarter valued at about $128,350,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Restaurant Brands International during the 2nd quarter worth approximately $78,678,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $75.52 on Friday. The company has a market capitalization of $26.33 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.57. The company’s 50-day moving average is $74.14 and its 200 day moving average is $74.30. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.86 and a current ratio of 0.96. Restaurant Brands International Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. Restaurant Brands International had a net margin of 15.35% and a return on equity of 33.50%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 4.05 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 22nd will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, December 22nd. Restaurant Brands International’s payout ratio is presently 60.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on QSR. Robert W. Baird boosted their target price on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Weiss Ratings lowered Restaurant Brands International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. CL King set a $80.00 price target on Restaurant Brands International in a research report on Monday, August 10th. Piper Sandler dropped their price target on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, Evercore reissued an “outperform” rating and issued a $88.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $83.92.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Schwan sold 57,574 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by corporate insiders.

Restaurant Brands International Profile

Restaurant Brands International Inc. is a global quick-service restaurant company that owns and operates the Burger King, Tim Hortons, Popeyes and Firehouse Subs brands. Its restaurants serve a range of products, including burgers, coffee and baked goods, fried chicken, and sandwiches. The company primarily grows its brands through a network of franchised restaurants, alongside some company-operated locations. Its brands serve customers in numerous countries and territories around the world. Restaurant Brands International was formed in 2014 through the combination of Burger King and Tim Hortons.