First Trust Direct Indexing L.P. Invests $227,000 in Restaurant Brands International Inc. (NYSE:QSR)

First Trust Direct Indexing L.P. bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,910 shares of the restaurant operator’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 203,594 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of 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 valued at $290,287,000 after purchasing an additional 228,654 shares in the last quarter. Mackenzie Financial Corp grew its stake in Restaurant Brands International by 9.2% in the fourth quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator’s stock valued at $331,197,000 after purchasing an additional 357,394 shares during the last quarter. Bank of Nova Scotia grew its position in Restaurant Brands International by 0.7% during the 3rd quarter. Bank of Nova Scotia now owns 3,235,000 shares of the restaurant operator’s stock worth $215,429,000 after purchasing an additional 21,544 shares during the last quarter. Finally, Fiera Capital Corp lifted 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 valued at $197,157,000 after purchasing an additional 207,609 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $73.36 on Thursday. The company’s 50 day moving average is $76.52 and its two-hundred day moving average is $74.87. The firm has a market cap of $23.21 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International 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 $2,773,652.46. Following the completion of the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction dated 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 sale, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 634,933 shares of company stock valued at $47,972,876. 1.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on QSR shares. Truist Financial lifted their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Citigroup raised their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Guggenheim boosted their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Evercore upped their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.56.

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.