North Dakota State Investment Board Takes Position in Restaurant Brands International Inc. $QSR

North Dakota State Investment Board acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,400 shares of the restaurant operator’s stock, valued at approximately $778,000.

Several other large investors also recently modified their holdings of QSR. AQR Capital Management LLC bought a new position in shares of Restaurant Brands International in the first quarter valued at about $237,000. WINTON GROUP Ltd acquired a new position in shares of Restaurant Brands International in the second quarter valued at about $265,000. State Street Corp grew its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Sei Investments Co. grew its stake in shares of Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock valued at $3,469,000 after acquiring an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina acquired a new position in shares of Restaurant Brands International in the second quarter valued at about $10,019,000. 82.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Joshua Kobza sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total value of $15,010,000.00. Following the sale, the chief executive officer directly owned 960,769 shares in the company, valued at approximately $72,105,713.45. This trade represents a 17.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the sale, the insider owned 78,560 shares in the company, valued at approximately $5,924,209.60. The trade was a 11.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 441,490 shares of company stock valued at $32,375,140. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Trading Up 1.0%

Shares of Restaurant Brands International stock opened at $76.51 on Thursday. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.96 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. The firm’s 50-day moving average price is $76.50 and its two-hundred day moving average price is $71.87.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, analysts forecast that Restaurant Brands International Inc. will post 4.06 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Piper Sandler upgraded shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $71.00 to $84.00 in a research note on Monday, March 2nd. Stifel Nicolaus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $90.00 in a research note on Monday, March 2nd. Morgan Stanley upped their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $86.00 price target on shares of Restaurant Brands International in a research note on Thursday, May 7th. Finally, TD Cowen upped their price target on shares of Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.33.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.