BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $30.53 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,185 shares of the restaurant operator’s stock after purchasing an additional 17,175 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.14% of Restaurant Brands International worth $30,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at approximately $25,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at approximately $59,000. Parallel Advisors LLC grew its holdings in shares of Restaurant Brands International by 24.1% during the 4th 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, BNP Paribas Financial Markets grew its holdings in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QSR. 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. TD Cowen reissued a “buy” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Bank of America boosted their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Finally, Genuity Capital Markets reduced their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average target price of $83.11.

Restaurant Brands International Stock Performance

QSR opened at $70.55 on Tuesday. 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 company’s fifty day moving average price is $70.18 and its two-hundred day moving average price is $71.84. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.08 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, analysts expect that Restaurant Brands International Inc. will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.29%. Restaurant Brands International’s payout ratio is 59.79%.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction 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 completion of 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 SEC, which is accessible through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction 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 completion of 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 SEC, which is accessible through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the company’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 sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

About Restaurant Brands International

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.