Charles Schwab Investment Management Inc. Acquires 40,155 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Charles Schwab Investment Management Inc. lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 747,862 shares of the restaurant operator’s stock after acquiring an additional 40,155 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Restaurant Brands International worth $48,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in Restaurant Brands International by 79.4% during the 3rd 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. Assetmark Inc. raised its holdings in Restaurant Brands International by 2.8% during the 3rd quarter. Assetmark Inc. now owns 24,555 shares of the restaurant operator’s stock valued at $1,771,000 after buying an additional 669 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at $61,000. CIBC Asset Management Inc raised its holdings in Restaurant Brands International by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock valued at $215,448,000 after buying an additional 118,721 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in Restaurant Brands International by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 54,726 shares of the restaurant operator’s stock valued at $3,947,000 after buying an additional 2,292 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. TD Securities restated a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $74.00 to $71.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.33.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 287,726 shares of company stock worth $18,269,723 over the last three months. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Performance

QSR stock opened at $66.07 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business has a 50-day moving average price of $63.74 and a 200 day moving average price of $67.32. The company has a market capitalization of $21.47 billion, a P/E ratio of 20.78, a PEG ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $81.55.

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

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 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.