Waterfront Wealth Inc. Increases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Waterfront Wealth Inc. boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,781 shares of the restaurant operator’s stock after buying an additional 232 shares during the period. Waterfront Wealth Inc.’s holdings in Restaurant Brands International were worth $920,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QSR. Asset Management One Co. Ltd. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $3,703,000. Wellington Management Group LLP purchased a new stake in shares of Restaurant Brands International during the third quarter valued at $5,619,000. Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 1.8% during the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after purchasing an additional 203,594 shares during the period. International Assets Investment Management LLC bought a new position in shares of Restaurant Brands International in the fourth quarter worth about $5,634,000. Finally, Envestnet Asset Management Inc. grew its holdings in Restaurant Brands International by 47.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator’s stock worth $26,914,000 after acquiring an additional 129,713 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $3,528,260.55. Following the transaction, the chief financial officer now directly owns 128,154 shares in the company, valued at approximately $9,682,034.70. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 in the last ninety days. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Up 0.4 %

Restaurant Brands International stock traded up $0.27 during trading on Thursday, reaching $71.00. The stock had a trading volume of 163,155 shares, compared to its average volume of 1,435,994. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29. The stock has a market cap of $22.46 billion, a PE ratio of 18.76, a P/E/G ratio of 2.13 and a beta of 0.91. The business has a 50 day moving average price of $77.24 and a 200 day moving average price of $73.83.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 61.54%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on QSR. Evercore ISI lifted their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Guggenheim lifted their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. BMO Capital Markets increased their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial decreased their price objective on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Finally, TD Cowen reaffirmed a “buy” rating and set a $90.00 target price on shares of Restaurant Brands International in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

About Restaurant Brands International

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.