DekaBank Deutsche Girozentrale Increases Holdings in Restaurant Brands International Inc. (NYSE:QSR)

DekaBank Deutsche Girozentrale increased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,156 shares of the restaurant operator’s stock after buying an additional 573 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Restaurant Brands International were worth $3,113,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in QSR. Vanguard Group Inc. grew its position in Restaurant Brands International by 1.8% during the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after buying an additional 203,594 shares in the last quarter. CIBC Asset Management Inc grew its position in Restaurant Brands International by 5.6% during the third quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock worth $290,287,000 after buying an additional 228,654 shares in the last quarter. Bank of Nova Scotia grew its position in Restaurant Brands International by 0.7% during the third quarter. Bank of Nova Scotia now owns 3,235,000 shares of the restaurant operator’s stock worth $215,429,000 after buying an additional 21,544 shares in the last quarter. Fiera Capital Corp grew its position in Restaurant Brands International by 7.6% during the third quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator’s stock worth $197,157,000 after buying an additional 207,609 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Restaurant Brands International by 4.2% during the third quarter. TD Asset Management Inc now owns 2,799,932 shares of the restaurant operator’s stock worth $187,276,000 after buying an additional 113,946 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Trading Down 1.3 %

QSR opened at $71.27 on Friday. The business has a 50 day simple moving average of $77.61 and a two-hundred day simple moving average of $73.69. The firm has a market capitalization of $22.55 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. During the same quarter in the prior year, the company posted $0.72 EPS. Restaurant Brands International’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 3.39 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.26%. Restaurant Brands International’s dividend payout ratio is 61.54%.

Wall Street Analyst Weigh In

QSR has been the subject of several recent analyst reports. Piper Sandler reduced their target price on Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. CIBC cut their price objective on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Scotiabank cut their price objective on Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. BMO Capital Markets upped their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Truist Financial cut their price objective on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.36.

Insiders Place Their Bets

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the transaction, the chief executive officer now owns 578,125 shares in the company, valued at approximately $43,688,906.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 380,200 shares of company stock worth $28,828,182. Company insiders own 1.25% of the company’s stock.

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.