SCHEDULE: BlackRock Discloses 7.0% Stake in Restaurant Brands

Sentiment:

Beneficial Ownership Report


BlackRock, Inc. has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Restaurant Brands International Inc. as of December 31, 2025.

Summary

  • BlackRock, Inc. reported beneficial ownership of 22,790,938 shares of common stock in Restaurant Brands International Inc.
  • This represents 7.0% of the class of securities.
  • BlackRock holds sole voting power over 21,600,193 shares and sole dispositive power over 22,790,938 shares.
  • The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
  • This filing is an Amendment No. 1 to a previous Schedule 13G filing.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor, indicating a neutral sentiment regarding new information about the issuer's performance or prospects.

Positives

  • BlackRock, a major institutional investor, maintains a significant 7.0% stake in Restaurant Brands International, indicating continued confidence in the company.

Future Outlook

NA

Management Comments

  • 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.

Industry Context

NA

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Power of Attorney UpdateBlackRock, Inc. updated its Power of Attorney, revoking the previous one dated April 30, 2023, and appointing new attorneys-in-fact effective January 21, 2025, for compliance with ownership reporting requirements.2025-01-21Streamlines internal processes for SEC and other regulatory filings by designating specific individuals to execute necessary documents.

Stakeholder Impact

  • Shareholders: Provides transparency regarding a significant institutional holding, which can be a positive signal of investor confidence.

Key Dates

DateDescription
2023-04-30Previous Power of Attorney revoked by BlackRock, Inc.
2025-01-21Effective date of new Power of Attorney for BlackRock, Inc.
2025-12-31Date of event requiring filing of this statement (reporting period end for beneficial ownership).
2026-01-21Signature date of the Schedule 13G filing by BlackRock, Inc.

Keywords

BlackRock, Restaurant Brands International, RBI, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Equity Stake

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