8,755 Shares in Restaurant Brands International Inc. $QSR Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,755 shares of the restaurant operator’s stock, valued at approximately $562,000.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of Restaurant Brands International in the 1st quarter worth about $237,000. Atria Investments Inc boosted its position in shares of Restaurant Brands International by 12.1% during the 2nd quarter. Atria Investments Inc now owns 5,250 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 565 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Restaurant Brands International by 136.2% during the second quarter. Bank of New York Mellon Corp now owns 841,292 shares of the restaurant operator’s stock worth $55,769,000 after purchasing an additional 485,166 shares during the period. Andra AP fonden acquired a new stake in Restaurant Brands International during the second quarter worth approximately $80,000. Finally, Savant Capital LLC bought a new stake in Restaurant Brands International in the second quarter worth approximately $217,000. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Peter Perdue sold 3,882 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 $262,073.82. Following the transaction, the insider owned 42,906 shares in the company, valued at approximately $2,896,584.06. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Duncan Fulton sold 10,308 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $695,893.08. Following the sale, the insider directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 186,401 shares of company stock valued at $12,857,069. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Stock Up 1.0%

Shares of NYSE QSR opened at $74.06 on Monday. The business has a 50-day moving average of $68.88 and a 200-day moving average of $67.81. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.10 and a beta of 0.56. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.42. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is 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 (DPR) is presently 105.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QSR. TD Cowen dropped their target price on shares of 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. Wells Fargo & Company lifted their target price on Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, February 27th. Morgan Stanley upped their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Citigroup decreased their target price on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Finally, Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.95.

About Restaurant Brands International

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.