Alberta Investment Management Corp Grows Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Alberta Investment Management Corp raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 914,500 shares of the restaurant operator’s stock after purchasing an additional 6,000 shares during the period. Alberta Investment Management Corp’s holdings in Restaurant Brands International were worth $59,574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. grew its position in shares of Restaurant Brands International by 8.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 24,130 shares of the restaurant operator’s stock valued at $1,573,000 after purchasing an additional 1,896 shares during the period. BKM Wealth Management LLC grew its position in shares of Restaurant Brands International by 3.2% in the fourth quarter. BKM Wealth Management LLC now owns 8,338 shares of the restaurant operator’s stock valued at $543,000 after purchasing an additional 261 shares during the period. Venturi Wealth Management LLC grew its position in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares during the period. Partners Capital Investment Group LLP acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $4,969,000. Finally, Allworth Financial LP grew its position in shares of Restaurant Brands International by 205.6% in the fourth quarter. Allworth Financial LP now owns 1,751 shares of the restaurant operator’s stock valued at $106,000 after purchasing an additional 1,178 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their price target on shares of 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. Bank of America boosted their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Oppenheimer lowered their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Trading Up 0.3 %

Shares of Restaurant Brands International stock opened at $64.69 on Wednesday. The company has a fifty day simple moving average of $64.13 and a 200-day simple moving average of $67.98. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.3 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 in the last 90 days. Company insiders own 1.36% of the company’s stock.

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.