Dimensional Fund Advisors LP Has $29.31 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Dimensional Fund Advisors LP grew its position in Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) by 22.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 550,996 shares of the restaurant operator’s stock after acquiring an additional 100,631 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Restaurant Brands International were worth $29,307,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Korea Investment CORP increased its position in Restaurant Brands International by 404.1% in the 3rd quarter. Korea Investment CORP now owns 287,932 shares of the restaurant operator’s stock worth $15,398,000 after purchasing an additional 230,819 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Restaurant Brands International by 29.1% during the 3rd quarter. Bessemer Group Inc. now owns 2,559 shares of the restaurant operator’s stock valued at $136,000 after acquiring an additional 577 shares during the last quarter. Hudson Portfolio Management LLC increased its holdings in shares of Restaurant Brands International by 9.4% during the 3rd quarter. Hudson Portfolio Management LLC now owns 26,880 shares of the restaurant operator’s stock valued at $1,429,000 after acquiring an additional 2,310 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of Restaurant Brands International by 165.0% during the 3rd quarter. Aigen Investment Management LP now owns 53,673 shares of the restaurant operator’s stock valued at $2,855,000 after acquiring an additional 33,416 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Restaurant Brands International by 28.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 21,047 shares of the restaurant operator’s stock valued at $1,540,000 after acquiring an additional 4,676 shares during the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Credit Suisse Group increased their price objective on Restaurant Brands International from $69.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. BMO Capital Markets raised their target price on Restaurant Brands International from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Wells Fargo & Company initiated coverage on Restaurant Brands International in a report on Monday, January 23rd. They issued an “equal weight” rating and a $70.00 target price on the stock. Citigroup lowered their target price on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, February 15th. Finally, Cowen reaffirmed a “market perform” rating and issued a $72.00 target price on shares of Restaurant Brands International in a report on Monday, February 27th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and a consensus target price of $69.15.

Insider Activity at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 1,784 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $65.52, for a total transaction of $116,887.68. Following the completion of the sale, the insider now directly owns 8,271 shares of the company’s stock, valued at approximately $541,915.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sami A. Siddiqui sold 3,955 shares of Restaurant Brands International stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $65.04, for a total value of $257,233.20. Following the completion of the sale, the insider now directly owns 15,045 shares of the company’s stock, valued at approximately $978,526.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 1,784 shares of Restaurant Brands International stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $65.52, for a total value of $116,887.68. Following the completion of the sale, the insider now directly owns 8,271 shares of the company’s stock, valued at $541,915.92. The disclosure for this sale can be found here. Insiders sold 317,217 shares of company stock valued at $20,791,327 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $64.08 on Friday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market capitalization of $19.75 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.97. Restaurant Brands International Inc. has a one year low of $46.68 and a one year high of $68.89. The business has a 50 day simple moving average of $66.19 and a 200 day simple moving average of $62.36.

Restaurant Brands International (NYSE:QSR – Get Rating) (TSE:QSR) last released its quarterly earnings results on Tuesday, February 14th. The restaurant operator reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Restaurant Brands International had a return on equity of 35.36% and a net margin of 15.50%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.43%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 66.26%.

Restaurant Brands International Company Profile

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.