Campbell & CO Investment Adviser LLC Grows Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Campbell & CO Investment Adviser LLC increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,436 shares of the restaurant operator’s stock after buying an additional 2,400 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Restaurant Brands International were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in QSR. Amundi Pioneer Asset Management Inc. boosted its holdings in Restaurant Brands International by 12.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 116,381 shares of the restaurant operator’s stock worth $7,578,000 after buying an additional 12,723 shares in the last quarter. CWM LLC boosted its holdings in Restaurant Brands International by 139.4% during the third quarter. CWM LLC now owns 790 shares of the restaurant operator’s stock worth $45,000 after buying an additional 460 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of Restaurant Brands International in the third quarter valued at about $30,000. Galibier Capital Management Ltd. lifted its holdings in shares of Restaurant Brands International by 39.7% in the third quarter. Galibier Capital Management Ltd. now owns 730,137 shares of the restaurant operator’s stock valued at $41,805,000 after purchasing an additional 207,581 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of Restaurant Brands International by 87.1% in the third quarter. Alberta Investment Management Corp now owns 157,900 shares of the restaurant operator’s stock valued at $9,041,000 after purchasing an additional 73,500 shares in the last quarter. 79.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QSR stock opened at $60.51 on Tuesday. The company has a market capitalization of $18.47 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The firm has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $58.16. The company has a current ratio of 1.65, a quick ratio of 1.60 and a debt-to-equity ratio of 3.22. Restaurant Brands International Inc. has a twelve month low of $25.08 and a twelve month high of $65.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 10th. The restaurant operator reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.13). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Restaurant Brands International had a net margin of 11.00% and a return on equity of 26.67%. Equities research analysts predict that Restaurant Brands International Inc. will post 2.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 6th. Stockholders of record on Tuesday, March 23rd will be paid a $0.53 dividend. The ex-dividend date is Monday, March 22nd. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 3.50%. Restaurant Brands International’s dividend payout ratio is 76.47%.

Several analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Restaurant Brands International from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. KeyCorp reduced their price target on shares of Restaurant Brands International from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, February 12th. Stephens cut their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, February 11th. Piper Sandler boosted their price objective on shares of Restaurant Brands International from $62.00 to $65.00 in a research report on Monday, December 28th. Finally, TheStreet lowered shares of Restaurant Brands International from a “b-” rating to a “c” rating in a research report on Thursday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. Restaurant Brands International has a consensus rating of “Buy” and an average target price of $64.83.

In related news, CFO Matthew Dunnigan sold 1,924 shares of the business’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $58.95, for a total value of $113,419.80. Following the completion of the sale, the chief financial officer now directly owns 12,531 shares of the company’s stock, valued at $738,702.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sami A. Siddiqui sold 5,438 shares of the business’s stock in a transaction dated Tuesday, January 5th. The shares were sold at an average price of $58.95, for a total value of $320,570.10. Following the completion of the sale, the insider now directly owns 80,221 shares of the company’s stock, valued at $4,729,027.95. The disclosure for this sale can be found here. Insiders sold 222,018 shares of company stock valued at $13,316,440 over the last 90 days. Insiders own 3.69% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. 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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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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