Dana Investment Advisors Inc. Boosts Stock Position in Restaurant Brands International Inc. $QSR

Dana Investment Advisors Inc. boosted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 38.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 276,429 shares of the restaurant operator’s stock after purchasing an additional 77,338 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.08% of Restaurant Brands International worth $17,730,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QSR. AQR Capital Management LLC purchased a new position in shares of Restaurant Brands International in the 1st quarter worth approximately $237,000. Asset Management One Co. Ltd. boosted its stake in Restaurant Brands International by 20.9% in the second quarter. Asset Management One Co. Ltd. now owns 57,318 shares of the restaurant operator’s stock valued at $3,800,000 after acquiring an additional 9,903 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Restaurant Brands International by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock worth $32,213,000 after purchasing an additional 30,741 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Restaurant Brands International by 12.1% during the second quarter. Arkadios Wealth Advisors now owns 34,135 shares of the restaurant operator’s stock worth $2,263,000 after purchasing an additional 3,674 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Restaurant Brands International by 3.7% during the second quarter. Assetmark Inc. now owns 29,470 shares of the restaurant operator’s stock worth $1,954,000 after purchasing an additional 1,059 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on QSR. Robert W. Baird boosted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a research report on Friday, February 13th. Citigroup lowered their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Finally, TD Cowen cut their price target on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.62.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 25,472 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.91, for a total value of $1,806,219.52. Following the sale, the chief executive officer owned 961,282 shares in the company, valued at approximately $68,164,506.62. This represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Housman sold 5,835 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $413,526.45. Following the sale, the insider directly owned 146,162 shares in the company, valued at $10,358,500.94. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,911 shares of company stock valued at $7,189,969 in the last three months. 1.25% of the stock is currently owned by company insiders.

Restaurant Brands International Trading Down 2.0%

NYSE QSR opened at $67.47 on Tuesday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The company has a market capitalization of $23.38 billion, a PE ratio of 28.59, a P/E/G ratio of 2.10 and a beta of 0.58. The company has a fifty day moving average of $68.64 and a 200 day moving average of $67.43.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.73% and a net margin of 8.23%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio (DPR) is 105.08%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.