Restaurant Brands International Inc. (NYSE:QSR) Stock Holdings Increased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,647 shares of the restaurant operator’s stock after purchasing an additional 1,318 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Restaurant Brands International were worth $597,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after buying an additional 203,594 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Restaurant Brands International by 5.6% in the third quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock valued at $290,287,000 after acquiring an additional 228,654 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of 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 valued at $215,429,000 after acquiring an additional 21,544 shares during the period. Fiera Capital Corp lifted its position in Restaurant Brands International by 7.6% in the third quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator’s stock worth $197,157,000 after purchasing an additional 207,609 shares during the period. Finally, TD Asset Management Inc lifted its position in Restaurant Brands International by 4.2% in the third quarter. TD Asset Management Inc now owns 2,799,932 shares of the restaurant operator’s stock worth $187,276,000 after purchasing an additional 113,946 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QSR. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus upped their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, January 4th. Truist Financial reduced their price objective on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, Piper Sandler reduced their target price on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.36.

Insider Activity at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were 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 directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Matthew Dunnigan sold 14,565 shares of the business’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 $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 1.3 %

QSR stock opened at $71.27 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $22.55 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.18 and a beta of 0.91. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The business has a 50-day moving average of $77.61 and a 200-day moving average of $73.69.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.39 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.26%. 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. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

About Restaurant Brands International

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.