Norges Bank Invests $264.81 Million in Restaurant Brands International Inc. (NYSE:QSR)

Norges Bank bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,066,730 shares of the restaurant operator’s stock, valued at approximately $264,813,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QSR. National Bank of Canada FI lifted its stake in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares during the period. Holocene Advisors LP bought a new stake in shares of Restaurant Brands International in the 3rd quarter valued at $89,790,000. Point72 Asset Management L.P. lifted its position in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the period. Vanguard Group Inc. boosted its stake in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after acquiring an additional 421,873 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Restaurant Brands International by 848.9% in the third quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator’s stock worth $26,756,000 after purchasing an additional 331,880 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 6.1 %

Shares of NYSE:QSR opened at $64.52 on Friday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $79.28. The company has a market capitalization of $21.12 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The business has a fifty day moving average price of $64.88 and a two-hundred day moving average price of $67.23. 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 (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is 77.99%.

Insider Activity at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 300,226 shares of company stock worth $19,121,223. Insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QSR. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Truist Financial lowered their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Morgan Stanley reduced their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.08.

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.