M&T Bank Corp Grows Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

M&T Bank Corp lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 45.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,175 shares of the restaurant operator’s stock after acquiring an additional 9,449 shares during the quarter. M&T Bank Corp’s holdings in Restaurant Brands International were worth $2,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacifica Partners Inc. increased its holdings in 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 purchasing an additional 245 shares during the period. Rise Advisors LLC grew 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. Oakworth Capital Inc. bought a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $30,000. Fifth Third Bancorp raised 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 in the last quarter. Finally, Larson Financial Group LLC lifted its stake in 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 worth $49,000 after acquiring an additional 735 shares during the period. Institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on QSR shares. Citigroup boosted their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. TD Securities upped their target price on Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Guggenheim lifted their price target on Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Royal Bank of Canada decreased their price objective on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, Robert W. Baird lifted their target price on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.56.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The disclosure for this sale can be found here. Insiders have sold a total of 634,933 shares of company stock worth $47,972,876 in the last quarter. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Performance

QSR opened at $73.36 on Thursday. The firm’s fifty day simple moving average is $76.52 and its two-hundred day simple moving average is $74.87. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 18.91, a PEG 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 (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

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

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.