Massachusetts Financial Services Co. MA Purchases 10,567 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Massachusetts Financial Services Co. MA raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,157 shares of the restaurant operator’s stock after purchasing an additional 10,567 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.20% of Restaurant Brands International worth $44,133,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Restaurant Brands International during the fourth quarter worth about $79,000. Dimensional Fund Advisors LP increased its holdings in Restaurant Brands International by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 653,507 shares of the restaurant operator’s stock worth $51,058,000 after purchasing an additional 5,192 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Restaurant Brands International by 20.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,569 shares of the restaurant operator’s stock valued at $435,000 after purchasing an additional 962 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Restaurant Brands International by 163.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator’s stock valued at $1,305,000 after buying an additional 10,355 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Restaurant Brands International during the fourth quarter worth $245,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

QSR has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on shares of Restaurant Brands International in a research note on Thursday, June 13th. They issued a “buy” rating and a $80.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Morgan Stanley cut their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Piper Sandler decreased their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Truist Financial dropped their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.11.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $71.07 on Friday. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $22.52 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The firm’s 50 day simple moving average is $70.27 and its 200 day simple moving average is $72.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. As a group, analysts expect that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s payout ratio is 59.79%.

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.