Achmea Investment Management B.V. Has $2.39 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Achmea Investment Management B.V. boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,977 shares of the restaurant operator’s stock after acquiring an additional 1,185 shares during the quarter. Achmea Investment Management B.V.’s holdings in Restaurant Brands International were worth $2,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QSR. Capital World Investors lifted its position in shares of Restaurant Brands International by 1.1% in 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 in the last quarter. Capital Research Global Investors increased its stake in Restaurant Brands International by 19.8% in the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after buying an additional 3,971,774 shares during the period. Vanguard Group Inc. increased its stake in Restaurant Brands International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after buying an additional 141,468 shares during the period. 1832 Asset Management L.P. lifted its position in Restaurant Brands International by 6.2% in the 1st quarter. 1832 Asset Management L.P. now owns 4,958,748 shares of the restaurant operator’s stock worth $393,973,000 after buying an additional 290,604 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Restaurant Brands International by 41.0% during the 1st quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock valued at $385,361,000 after buying an additional 1,409,552 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.1 %

Shares of QSR stock opened at $69.18 on Friday. The stock has a 50 day moving average of $70.28 and a 200-day moving average of $72.28. The firm has a market cap of $22.39 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29.

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

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Genuity Capital Markets cut their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.04.

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 stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated 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 sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Corporate 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.