Varma Mutual Pension Insurance Co Has $13.18 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Varma Mutual Pension Insurance Co raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,058 shares of the restaurant operator’s stock after acquiring an additional 37,758 shares during the quarter. Varma Mutual Pension Insurance Co owned about 0.06% of Restaurant Brands International worth $13,178,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors L.P. boosted its position in shares of Restaurant Brands International by 4.1% during the 4th quarter. Natixis Advisors L.P. now owns 56,168 shares of the restaurant operator’s stock valued at $4,388,000 after purchasing an additional 2,223 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $30,000. Principal Securities Inc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $79,000. NBC Securities Inc. increased its stake in shares of Restaurant Brands International by 96.2% in the 4th quarter. NBC Securities Inc. now owns 8,976 shares of the restaurant operator’s stock valued at $701,000 after acquiring an additional 4,401 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Restaurant Brands International by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock valued at $51,058,000 after acquiring an additional 5,192 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on QSR. Morgan Stanley reduced their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Truist Financial decreased their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Genuity Capital Markets cut their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Piper Sandler decreased their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group initiated coverage on Restaurant Brands International in a research report on Thursday, June 13th. They set a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $83.07.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $67.63 on Monday. The firm’s 50 day moving average is $70.42 and its 200 day moving average is $72.49. The stock has a market capitalization of $21.43 billion, a P/E ratio of 17.43, a PEG ratio of 2.10 and a beta of 0.93. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.36 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.43%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

About Restaurant Brands International

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.