MML Investors Services LLC Acquires 618 Shares of Restaurant Brands International Inc. (NYSE:QSR)

MML Investors Services LLC boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,194 shares of the restaurant operator’s stock after buying an additional 618 shares during the quarter. MML Investors Services LLC’s holdings in Restaurant Brands International were worth $329,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ceera Investments LLC grew its position in Restaurant Brands International by 2.3% during the third quarter. Ceera Investments LLC now owns 9,860 shares of the restaurant operator’s stock valued at $524,000 after buying an additional 225 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Restaurant Brands International by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after purchasing an additional 229 shares in the last quarter. Sigma Planning Corp lifted its holdings in Restaurant Brands International by 2.8% during the third quarter. Sigma Planning Corp now owns 10,156 shares of the restaurant operator’s stock valued at $540,000 after purchasing an additional 275 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Restaurant Brands International by 8.1% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,000 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 300 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its holdings in Restaurant Brands International by 7.5% during the second quarter. Cigna Investments Inc. New now owns 5,602 shares of the restaurant operator’s stock valued at $280,000 after purchasing an additional 390 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors.

Insider Transactions at Restaurant Brands International

In other news, CEO Jose E. Cil sold 264,461 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $65.64, for a total value of $17,359,220.04. Following the transaction, the chief executive officer now directly owns 187,414 shares in the company, valued at $12,301,854.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jose E. Cil sold 264,461 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $65.64, for a total value of $17,359,220.04. Following the transaction, the chief executive officer now directly owns 187,414 shares in the company, valued at $12,301,854.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jose E. Cil sold 21,998 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $65.04, for a total transaction of $1,430,749.92. Following the completion of the transaction, the chief executive officer now owns 177,293 shares in the company, valued at $11,531,136.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 317,217 shares of company stock worth $20,791,327. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, February 15th. Barclays lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 16th. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $71.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 18th. Finally, Credit Suisse Group boosted their target price on shares of Restaurant Brands International from $69.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and an average price target of $69.15.

Restaurant Brands International Trading Down 2.5 %

QSR stock opened at $61.02 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.08. Restaurant Brands International Inc. has a twelve month low of $46.68 and a twelve month high of $68.89. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The firm’s fifty day simple moving average is $66.02 and its two-hundred day simple moving average is $62.44.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last posted its quarterly earnings data on Tuesday, February 14th. The restaurant operator reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Restaurant Brands International had a net margin of 15.50% and a return on equity of 35.36%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. As a group, analysts anticipate that Restaurant Brands International Inc. will post 2.99 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 22nd will be given a dividend of $0.55 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, March 21st. This represents a $2.20 dividend on an annualized basis and a yield of 3.61%. Restaurant Brands International’s payout ratio is 66.26%.

Restaurant Brands International Company Profile

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.