SCHEDULE: BlackRock Discloses 5.9% Stake in Restaurant Brands International

BlackRock, Inc. has reported a 5.9% beneficial ownership stake in Restaurant Brands International Inc., holding over 19.2 million common shares as of June 30, 2025.

Summary

• BlackRock, Inc. and its Reporting Business Units collectively hold 19,252,122 shares of Restaurant Brands International Inc. common stock, representing 5.9% of the total outstanding common shares.
• BlackRock, Inc. has sole voting power over 17,760,053 shares and sole dispositive power over 19,252,122 shares.
• Within the BlackRock group, BlackRock Fund Managers Ltd is specifically identified as an entity that individually beneficially owns 5% or greater of the outstanding shares of Restaurant Brands International Inc.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing disclosing a passive ownership stake by a large institutional investor. It contains no positive or negative operational or financial news about the issuer.

Positives

• The disclosure of a significant passive stake by a major institutional investor like BlackRock, Inc. can be viewed as a vote of confidence in Restaurant Brands International Inc.

Negatives

• The document does not contain information that would be considered negative regarding Restaurant Brands International Inc.'s operations or financial performance.

Risks

• The document does not explicitly detail risks related to Restaurant Brands International Inc.'s operations or financial performance. It is a disclosure of ownership.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This filing reflects a standard disclosure by a large asset manager, BlackRock, Inc., regarding its passive investment in a major global quick-service restaurant company, Restaurant Brands International Inc. It does not provide specific insights into broader industry trends beyond indicating continued institutional interest in established players within the fast-food sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by BlackRock, Inc. may be viewed positively by existing shareholders as it indicates confidence from a major institutional investor.
• Employees, Customers, Suppliers, Creditors: The filing itself has no direct or immediate impact on these stakeholders as it is purely an ownership disclosure.

Key Dates

Keywords

Restaurant Brands International, BlackRock, RBI, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Ownership Disclosure, SEC Filing