Cerity Partners LLC Increases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Cerity Partners LLC raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 239.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,478 shares of the restaurant operator’s stock after purchasing an additional 8,098 shares during the quarter. Cerity Partners LLC’s holdings in Restaurant Brands International were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Bay Harbor Wealth Management LLC bought a new position in Restaurant Brands International in the 4th quarter worth approximately $79,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Restaurant Brands International by 34.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,377 shares of the restaurant operator’s stock worth $342,000 after acquiring an additional 1,132 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock valued at $7,182,000 after purchasing an additional 91,893 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $5,634,000. Finally, Bleakley Financial Group LLC purchased a new stake in Restaurant Brands International during the 4th quarter worth about $238,000. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on QSR shares. Truist Financial decreased their price target on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Stifel Nicolaus boosted their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. TD Securities lowered their price objective on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Wednesday, January 17th. Finally, Oppenheimer raised their price target on Restaurant Brands International from $83.00 to $89.00 and gave the company an “outperform” rating in a report on Friday, January 5th. One research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $73.31 on Tuesday. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The firm has a market cap of $23.19 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.15 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The firm has a 50-day moving average of $76.91 and a 200-day moving average of $74.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The business 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 business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.16%. Restaurant Brands International’s dividend payout ratio is 61.54%.

Insider Transactions at Restaurant Brands International

In related news, CFO Matthew Dunnigan sold 46,701 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the transaction, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the sale, the chief financial officer now directly owns 128,154 shares of the company’s stock, valued at approximately $9,682,034.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of the 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 $2,773,652.46. Following the completion of the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,200 shares of company stock valued at $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.