13,356 Shares in Restaurant Brands International Inc. $QSR Purchased by Dorato Capital Management

Dorato Capital Management acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,356 shares of the restaurant operator’s stock, valued at approximately $933,000.

Several other hedge funds have also modified their holdings of the company. Nilsine Partners LLC lifted its position in Restaurant Brands International by 5.1% during the 4th quarter. Nilsine Partners LLC now owns 14,887 shares of the restaurant operator’s stock worth $1,016,000 after acquiring an additional 721 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Restaurant Brands International by 1.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,306 shares of the restaurant operator’s stock valued at $4,022,000 after purchasing an additional 1,006 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Restaurant Brands International by 1.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 118,082 shares of the restaurant operator’s stock worth $8,068,000 after buying an additional 1,782 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in Restaurant Brands International in the 4th quarter valued at $206,000. Finally, Legacy Wealth Asset Management LLC raised its position in shares of Restaurant Brands International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after buying an additional 161 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QSR. Guggenheim boosted their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada increased their price objective on Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Morgan Stanley raised their target price on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. TD Cowen reduced their target price on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $79.19.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $76.71 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The company has a 50 day moving average price of $70.85 and a 200 day moving average price of $69.18. The stock has a market capitalization of $26.63 billion, a P/E ratio of 32.50, a PEG ratio of 2.13 and a beta of 0.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s dividend payout ratio is currently 110.17%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 34,939 shares of Restaurant Brands International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $2,358,731.89. Following the completion of the transaction, the insider directly owned 194,984 shares of the company’s stock, valued at $13,163,369.84. The trade was a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the sale, the insider owned 478,845 shares in the company, valued at $35,956,471.05. This trade represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 455,191 shares of company stock worth $33,299,206 over the last ninety days. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Company 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.