GW&K Investment Management LLC Has $37.91 Million Stock Holdings in Restaurant Brands International Inc. $QSR

GW&K Investment Management LLC reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 591,101 shares of the restaurant operator’s stock after selling 8,179 shares during the period. GW&K Investment Management LLC’s holdings in Restaurant Brands International were worth $37,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at $29,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Restaurant Brands International in the second quarter valued at about $35,000. Elevation Point Wealth Partners LLC bought a new position in Restaurant Brands International in the second quarter valued at about $36,000. Exchange Traded Concepts LLC acquired a new position in Restaurant Brands International during the third quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 300 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $73.45 on Friday. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.03 and a beta of 0.56. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company’s fifty day moving average is $68.80 and its 200 day moving average is $67.71. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62.

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

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s payout ratio is presently 105.08%.

Insiders Place Their Bets

In other news, insider Peter Perdue sold 3,882 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $262,073.82. Following the sale, the insider directly owned 42,906 shares of the company’s stock, valued at approximately $2,896,584.06. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Duncan Fulton sold 10,308 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $695,893.08. Following the sale, the insider owned 49,677 shares of the company’s stock, valued at approximately $3,353,694.27. This trade represents a 17.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 186,401 shares of company stock valued at $12,857,069 over the last three months. Insiders own 1.25% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of several research reports. Scotiabank decreased their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Citigroup dropped their price target on 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. Wells Fargo & Company boosted their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Finally, Truist Financial upped their target price on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.95.

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.