Artemis Investment Management LLP Buys New Shares in Restaurant Brands International Inc. (NYSE:QSR)

Artemis Investment Management LLP bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,737 shares of the restaurant operator’s stock, valued at approximately $13,563,000. Artemis Investment Management LLP owned 0.06% of Restaurant Brands International at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Capital World Investors grew its position in Restaurant Brands International by 1.1% during the 1st 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 during the period. Capital Research Global Investors grew its position in Restaurant Brands International by 19.8% during the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after purchasing an additional 3,971,774 shares during the period. Vanguard Group Inc. grew its position in Restaurant Brands International by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after purchasing an additional 141,468 shares during the period. 1832 Asset Management L.P. grew its position in Restaurant Brands International by 6.2% during 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 purchasing an additional 290,604 shares during the period. Finally, TD Asset Management Inc grew its position in 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 worth $385,361,000 after purchasing an additional 1,409,552 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 0.4 %

Restaurant Brands International stock traded down $0.29 during trading on Monday, hitting $70.22. The company had a trading volume of 592,927 shares, compared to its average volume of 1,628,437. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. The company’s 50 day simple moving average is $70.19 and its 200-day simple moving average is $73.52.

Restaurant Brands International Dividend Announcement

The business also recently disclosed 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 is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.30%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Scotiabank increased their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Barclays increased their target price on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Truist Financial lowered their target price on shares of Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Genuity Capital Markets lowered their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $83.22.

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.