Canada Pension Plan Investment Board Acquires 835,000 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Canada Pension Plan Investment Board grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 31.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,490,157 shares of the restaurant operator’s stock after purchasing an additional 835,000 shares during the period. Canada Pension Plan Investment Board owned about 1.10% of Restaurant Brands International worth $245,881,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QSR. Mather Group LLC. acquired a new stake in Restaurant Brands International in the 1st quarter valued at $25,000. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International in the first quarter valued at about $48,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Restaurant Brands International during the first quarter worth about $59,000. Parallel Advisors LLC boosted its position in Restaurant Brands International by 24.1% during 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 during the last quarter. Finally, Principal Securities Inc. bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $79,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 2.6 %

Shares of QSR stock opened at $71.07 on Friday. The stock has a 50 day simple moving average of $70.27 and a 200 day simple moving average of $72.08. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The stock has a market cap of $22.52 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93.

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

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Genuity Capital Markets dropped their price objective on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Piper Sandler cut their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group began coverage on Restaurant Brands International in a report on Thursday, June 13th. They set a “buy” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.11.

Insider Activity

In related news, 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 transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction 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 approximately $6,866,420.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, 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.

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.