Venturi Wealth Management LLC Increases Position in Restaurant Brands International Inc. (NYSE:QSR)

Venturi Wealth Management LLC lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 213.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 461 shares of the restaurant operator’s stock after acquiring an additional 314 shares during the period. Venturi Wealth Management LLC’s holdings in Restaurant Brands International were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QSR. Farther Finance Advisors LLC raised its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $61,000. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $74,000. MassMutual Private Wealth & Trust FSB lifted its position in Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 567 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QSR. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Truist Financial reduced their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Finally, Evercore ISI lowered their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.96.

Insider Activity at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 241,580 shares of company stock worth $15,761,261 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 0.8 %

Shares of NYSE:QSR opened at $64.34 on Wednesday. The company has a market capitalization of $20.87 billion, a PE ratio of 20.23, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. The business has a 50 day moving average of $63.52 and a two-hundred day moving average of $67.68. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Restaurant Brands International Company Profile

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.