AIA Group Ltd Has $2.90 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

AIA Group Ltd grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 22.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,448 shares of the restaurant operator’s stock after purchasing an additional 6,761 shares during the period. AIA Group Ltd’s holdings in Restaurant Brands International were worth $2,896,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QSR. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Restaurant Brands International by 49.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock valued at $14,127,000 after purchasing an additional 59,627 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $3,703,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after buying an additional 91,893 shares during the period. Wellington Management Group LLP acquired a new position in shares of Restaurant Brands International in the third quarter valued at approximately $5,619,000. Finally, Vanguard Group Inc. lifted its position in shares of Restaurant Brands International by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after purchasing an additional 203,594 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded up $0.89 during trading hours on Friday, reaching $72.91. 2,541,938 shares of the stock traded hands, compared to its average volume of 1,592,909. The company has a 50 day moving average price of $69.90 and a 200 day moving average price of $74.44. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.13 and a beta of 0.92. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 21st were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QSR. TD Securities upped their price target on shares of Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays raised their price objective on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Citigroup raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Truist Financial reduced their target price on shares of Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $82.93.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now directly owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

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.