Sequoia Financial Advisors LLC Purchases 1,132 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Sequoia Financial Advisors LLC grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,377 shares of the restaurant operator’s stock after buying an additional 1,132 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Restaurant Brands International were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pacifica Partners Inc. lifted its position in shares of Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after buying an additional 245 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after buying an additional 174 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after buying an additional 278 shares in the last quarter. Janiczek Wealth Management LLC bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $36,000. Finally, Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 73,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock worth $49,000 after buying an additional 735 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 owns 55,863 shares in the company, valued at $4,260,112.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International 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 completion of the sale, the chief executive officer now directly owns 578,125 shares of the company’s stock, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock worth $28,828,182 over the last 90 days. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Trading Up 0.9 %

NYSE:QSR opened at $71.37 on Friday. The company’s 50 day moving average price is $77.12 and its 200-day moving average price is $73.81. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.13 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This is a boost 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 3.25%. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on QSR shares. BMO Capital Markets lifted their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Stifel Nicolaus lifted their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Truist Financial lowered their price target on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. TD Cowen reaffirmed a “buy” rating and issued a $90.00 price target on shares of Restaurant Brands International in a report on Wednesday, April 10th. Finally, Evercore ISI lifted their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

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.