MQS Management LLC Invests $402,000 in Restaurant Brands International Inc. (NYSE:QSR)

MQS Management LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,579 shares of the restaurant operator’s stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors also recently modified their holdings of QSR. Capital World Investors lifted its holdings in shares of Restaurant Brands International by 1.1% during the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after purchasing an additional 466,929 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Restaurant Brands International by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after acquiring an additional 773,783 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after purchasing an additional 518,795 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada decreased their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial reduced their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Piper Sandler lowered their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Oppenheimer lowered their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $82.56.

Insider Activity at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred 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 completion of the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Price Performance

QSR opened at $67.91 on Thursday. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve 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 firm has a market cap of $21.98 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.19 and a beta of 0.94. The company has a fifty day simple moving average of $70.14 and a 200 day simple moving average of $70.35.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

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.