Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,828 shares of the restaurant operator’s stock after acquiring an additional 261 shares during the quarter. Private Advisor Group LLC’s holdings in Restaurant Brands International were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position 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 valued at $30,000 after buying an additional 185 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Restaurant Brands International in the third quarter valued at about $61,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International in the fourth quarter valued at about $74,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,339 shares of company stock valued at $19,016,984. 1.36% of the stock is owned by insiders.

Restaurant Brands International Trading Up 1.3 %

NYSE:QSR opened at $67.52 on Friday. The company has a market capitalization of $21.94 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29. The stock has a fifty day simple moving average of $63.46 and a 200-day simple moving average of $67.47.

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

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.67%. Restaurant Brands International’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QSR. Citigroup upped their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Truist Financial cut their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. CIBC dropped their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Friday, February 14th. Finally, Oppenheimer decreased their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and a consensus target price of $77.33.

Restaurant Brands International 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.