Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,486 shares of the restaurant operator’s stock after purchasing an additional 409 shares during the quarter. Intech Investment Management LLC’s holdings in Restaurant Brands International were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Restaurant Brands International by 10.4% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 610,343 shares of the restaurant operator’s stock valued at $44,036,000 after purchasing an additional 57,681 shares during the period. First Horizon Advisors Inc. grew its holdings in Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 160 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Restaurant Brands International by 16.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock worth $159,251,000 after acquiring an additional 307,791 shares during the period. Swiss National Bank raised its position in Restaurant Brands International by 1.0% in the third quarter. Swiss National Bank now owns 909,030 shares of the restaurant operator’s stock worth $65,698,000 after acquiring an additional 9,100 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Restaurant Brands International by 4.4% in the third quarter. Natixis Advisors LLC now owns 54,726 shares of the restaurant operator’s stock valued at $3,947,000 after acquiring an additional 2,292 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QSR. Bank of America increased their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Guggenheim upped their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Piper Sandler reduced their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, November 14th. Finally, Argus dropped their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $69.61 on Friday. The firm has a market cap of $22.53 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.28 and a beta of 0.94. The firm has a fifty day moving average of $70.22 and a two-hundred day moving average of $69.95. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

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.