Letko Brosseau & Associates Inc. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 344,850 shares of the restaurant operator’s stock, valued at approximately $22,425,000. Letko Brosseau & Associates Inc. owned approximately 0.11% of Restaurant Brands International at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Burney Co. lifted its holdings in shares of Restaurant Brands International by 1.5% in the fourth quarter. Burney Co. now owns 13,846 shares of the restaurant operator’s stock valued at $846,000 after purchasing an additional 198 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Restaurant Brands International by 3.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,400 shares of the restaurant operator’s stock worth $330,000 after purchasing an additional 200 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Restaurant Brands International by 6.0% in the 1st quarter. MAI Capital Management now owns 3,709 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 211 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Restaurant Brands International by 5.8% in the first quarter. HighTower Advisors LLC now owns 3,989 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 219 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in Restaurant Brands International by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 7,156 shares of the restaurant operator’s stock worth $437,000 after buying an additional 256 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.

QSR has been the topic of a number of research analyst reports. Truist upped their target price on shares of Restaurant Brands International from $70.00 to $80.00 in a report on Monday, May 3rd. BMO Capital Markets raised their price target on shares of Restaurant Brands International from $71.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, May 6th. Royal Bank of Canada boosted their target price on shares of Restaurant Brands International from $68.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, May 3rd. Finally, Oppenheimer reissued a “hold” rating on shares of Restaurant Brands International in a research report on Sunday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $71.59.

QSR stock traded down $0.38 during trading on Wednesday, reaching $70.09. 27,001 shares of the stock were exchanged, compared to its average volume of 1,510,865. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 41.45, a P/E/G ratio of 2.08 and a beta of 1.19. Restaurant Brands International Inc. has a twelve month low of $51.12 and a twelve month high of $71.12. The business’s 50 day simple moving average is $67.25. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 3.17.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Restaurant Brands International had a return on equity of 25.25% and a net margin of 10.41%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 2.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 7th. Stockholders of record on Wednesday, June 23rd will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Tuesday, June 22nd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 104.43%.

In other news, CMO Fernando Machado sold 121,061 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $64.01, for a total value of $7,749,114.61. Also, insider Sami A. Siddiqui sold 8,882 shares of the company’s stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $70.00, for a total value of $621,740.00. Following the completion of the transaction, the insider now directly owns 175,722 shares of the company’s stock, valued at $12,300,540. The disclosure for this sale can be found here. Over the last three months, insiders sold 436,671 shares of company stock valued at $29,348,487. Company insiders own 3.69% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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