Restaurant Brands International (QSR)

1011778 B.C. Unlimited Liability Company • 1011778 Subco Holdings ULC • 1013414 B.C. Unlimited Liability Company • 1013421 B.C. Unlimited Liability Company • 1014369 B.C. Unlimited Liability Company • 1019334 B.C. Unlimited Liability Company • 1028539 B.C. Unlimited Liability Company • 1029261 B.C. Unlimited Liability Company • 1057772 B.C. Unlimited Liability Company • 1112090 B.C. Unlimited Liability Company ...

QSR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$78.75

Low target

$68.00

High target

$90.00

Latest filings (excl ownership)

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5 Nov 24

Restaurant Brands International Inc. Reports Third Quarter 2024 Results

5 Nov 24

8-K

Entry into a Material Definitive Agreement

13 Sep 24

8-K

Restaurant Brands International Inc. Announces Launch of First Lien Senior Secured Notes Oﬀering

3 Sep 24

424B3

Prospectus supplement

13 Aug 24

8-K

Restaurant Brands International Inc. Announces Receipt of Exchange Notice, Intent to Use Common Shares to Satisfy Exchange

13 Aug 24

424B7

Prospectus with selling stockholder info

8 Aug 24

Restaurant Brands International Inc. Reports Second Quarter 2024 Results

8 Aug 24

8-K

Entry into a Material Definitive Agreement

17 Jun 24

Transcripts

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QSR

Earnings call transcript

2024 Q3

5 Nov 24

QSR

Earnings call transcript

2024 Q2

8 Aug 24

QSR

Earnings call transcript

2024 Q1

30 Apr 24

QSR

Earnings call transcript

2023 Q4

13 Feb 24

QSR

Earnings call transcript

2023 Q3

3 Nov 23

QSR

Earnings call transcript

2023 Q2

8 Aug 23

QSR

Earnings call transcript

2023 Q2

8 Aug 23

QSR

Earnings call transcript

2023 Q1

2 May 23

QSR

Earnings call transcript

2022 Q4

14 Feb 23

QSR

Earnings call transcript

2022 Q3

3 Nov 22

Latest ownership filings

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Financial summary

Financial statements Chart QSR financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn	1.18 bn
Cash burn (monthly)	(no burn)	11.17 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	44.92 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.13 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	101.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

QSR institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	458	450	+1.8%
Opened positions	67	61	+9.8%
Closed positions	59	61	-3.3%
Increased positions	146	137	+6.6%
Reduced positions	157	161	-2.5%

13F shares	Current	Prev Q	Change
Total value	18.66 tn	18.23 tn	+2.4%
Total shares	386.54 mm	393.19 mm	-1.7%
Total puts	1.27 mm	1.29 mm	-1.5%
Total calls	4.05 mm	1.83 mm	+121.1%
Total put/call ratio	0.3	0.7	-55.5%

Largest owners	Shares	Value	Change
3G Restaurant Brands Holdings General Partner	116.78 mm	$8.11 bn	-5.3%
Capital World Investors	42.58 mm	$3.07 tn	+0.1%
Pershing Square Capital Management	23.00 mm	$1.66 tn	-0.6%
RY Royal Bank of Canada	20.95 mm	$1.51 tn	+3.9%
Capital Research Global Investors	20.20 mm	$1.46 tn	+3.0%
Vanguard	12.74 mm	$919.55 bn	+1.9%
EdgePoint Investment	10.12 mm	$730.47 bn	-12.1%
BMO Bank of Montreal	8.64 mm	$615.57 bn	+6.3%
GS The Goldman Sachs Group, Inc.	8.34 mm	$601.47 bn	+140.5%
FMR	7.74 mm	$558.25 bn	-13.2%

Largest transactions	Shares	Bought/sold	Change
3G Restaurant Brands Holdings General Partner	116.78 mm	-6.53 mm	-5.3%
GS The Goldman Sachs Group, Inc.	8.34 mm	+4.87 mm	+140.5%
JPM JPMorgan Chase & Co.	5.56 mm	+4.06 mm	+272.5%
FIL	2.85 mm	-3.44 mm	-54.7%
Norges Bank	0.00	-3.29 mm	EXIT
Alliancebernstein	108.56 k	-2.20 mm	-95.3%
Citadel Advisors	1.91 mm	+1.91 mm	NEW
D1 Capital Partners	1.33 mm	-1.51 mm	-53.2%
EdgePoint Investment	10.12 mm	-1.40 mm	-12.1%
NA.R National Bank of Canada	3.18 mm	+1.29 mm	+68.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

QSR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Jan 25	Jacqueline Friesner	Common Shares	Sell	Dispose S	No	No	64.2	4,856.868	311.81 k	160,810.458
6 Jan 25	Thiago T Santelmo	Common Shares	Sell	Dispose S	No	No	64.2	3,511.312	225.43 k	32,937.153
6 Jan 25	Jeffrey W Klein	Common Shares	Sell	Dispose S	No	No	64.2	1,734.15	111.33 k	9,871.393
6 Jan 25	Joshua Kobza	Common Shares	Sell	Dispose S	No	No	64.2	12,419.663	797.34 k	703,445.019
3 Jan 25	Doyle J Patrick	Performance Share Units Common Shares	Grant	Acquire A	No	No	0	7,069.724	0.00	806,192.359
3 Jan 25	Doyle J Patrick	Restricted Share Units Common Shares	Grant	Acquire A	No	No	0	2,827.89	0.00	322,476.943
3 Jan 25	Jacqueline Friesner	Common Shares	Grant	Acquire A	No	No	0	105.122	0.00	165,667.326
3 Jan 25	Jacqueline Friesner	Performance Share Units Common Shares	Grant	Acquire A	No	No	0	148.314	0.00	16,912.879
3 Jan 25	Jacqueline Friesner	Restricted Share Units Common Shares	Grant	Acquire A	No	No	0	44.88	0.00	5,117.882
3 Jan 25	Jacqueline Friesner	Performance Share Units Common Shares	Grant	Acquire A	No	No	0	124.179	0.00	14,160.724