Bleakley Financial Group LLC Purchases Shares of 3,047 Restaurant Brands International Inc. (NYSE:QSR)

Bleakley Financial Group LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,047 shares of the restaurant operator’s stock, valued at approximately $238,000.

Several other hedge funds also recently added to or reduced their stakes in QSR. Pacifica Partners Inc. boosted its holdings in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares during the period. Rise Advisors LLC boosted its holdings in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares during the period. Janiczek Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $36,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Restaurant Brands International by 73,500.0% in the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 735 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QSR shares. Citigroup decreased their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Stifel Nicolaus increased their price objective on 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 decreased their price target 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. TD Securities decreased their price target on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.36.

Restaurant Brands International Trading Down 1.1 %

Shares of QSR stock opened at $70.52 on Tuesday. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock has a market cap of $22.31 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.14 and a beta of 0.91. The business has a fifty day simple moving average of $77.47 and a 200-day simple moving average of $73.82. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, analysts forecast that Restaurant Brands International Inc. will post 3.4 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction dated 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 completion of the sale, 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 SEC, which is available at the SEC website. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 161,353 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is owned by corporate insiders.

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.