Wellington Management Group LLP Purchases Shares of 83,988 Restaurant Brands International Inc. (NYSE:QSR)

Wellington Management Group LLP acquired a new stake in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 83,988 shares of the restaurant operator’s stock, valued at approximately $5,619,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of QSR. Janiczek Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $36,000. Larson Financial Group LLC boosted its holdings in Restaurant Brands International by 73,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 735 shares during the period. BNP Paribas Arbitrage SNC boosted its holdings in Restaurant Brands International by 35.8% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 660 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 174 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Restaurant Brands International by 263.4% in the 1st quarter. SkyView Investment Advisors LLC now owns 883 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 640 shares during the period. Finally, Money Concepts Capital Corp boosted its holdings in Restaurant Brands International by 970.0% in the 4th quarter. Money Concepts Capital Corp now owns 1,070 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 970 shares during the period. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 8,275 shares of Restaurant Brands International stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $76.55, for a total value of $633,451.25. Following the transaction, the chief financial officer now owns 33,312 shares in the company, valued at $2,550,033.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 8,275 shares of Restaurant Brands International stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $76.55, for a total value of $633,451.25. Following the transaction, the chief financial officer now owns 33,312 shares in the company, valued at $2,550,033.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 17,635 shares of Restaurant Brands International stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $76.55, for a total value of $1,349,959.25. Following the completion of the transaction, the chief executive officer now owns 415,328 shares in the company, valued at approximately $31,793,358.40. The disclosure for this sale can be found here. Insiders have sold 408,792 shares of company stock worth $31,016,900 over the last quarter. Insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Down 0.8 %

NYSE:QSR opened at $78.66 on Tuesday. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. The stock has a fifty day simple moving average of $77.95 and a 200-day simple moving average of $72.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Analysts anticipate that Restaurant Brands International Inc. will post 3.39 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.95%. The ex-dividend date is Wednesday, March 20th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QSR shares. Evercore boosted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. CIBC cut their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Truist Financial dropped their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Evercore ISI boosted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, Scotiabank dropped their target price on shares of Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.30.

Read Our Latest Report on QSR

Restaurant Brands International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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