Restaurant Brands International Inc. (NYSE:QSR) Holdings Cut by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC decreased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,944 shares of the restaurant operator’s stock after selling 194 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Restaurant Brands International were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in Restaurant Brands International by 3.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after buying an additional 160 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 179 shares during the last quarter. Waterfront Wealth Inc. increased its stake in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after purchasing an additional 180 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In related news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the transaction, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 379,726 shares of company stock valued at $24,662,800. Company insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on QSR shares. TD Securities restated a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Truist Financial dropped their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barclays lowered their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, CIBC lowered their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.33.

Restaurant Brands International Stock Performance

NYSE QSR opened at $65.24 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. The company’s fifty day moving average is $63.44 and its two-hundred day moving average is $67.58. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

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.