Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,591 shares of the restaurant operator’s stock after selling 12,677 shares during the period. Burgundy Asset Management Ltd. owned about 0.37% of Restaurant Brands International worth $81,531,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Mather Group LLC. purchased a new position in shares of Restaurant Brands International in the first quarter valued at $25,000. Crewe Advisors LLC purchased a new position in Restaurant Brands International during the 1st quarter valued at about $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Restaurant Brands International during the first quarter worth about $59,000. Parallel Advisors LLC lifted its holdings in shares of Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $79,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

QSR stock opened at $69.26 on Thursday. The stock has a 50-day simple moving average of $70.29 and a 200-day simple moving average of $72.09. The firm has a market cap of $21.94 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QSR. Morgan Stanley reduced their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Truist Financial reduced their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Piper Sandler dropped their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. KeyCorp reduced their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Finally, Guggenheim lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.11.

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.