Signaturefd LLC Purchases 1,389 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Signaturefd LLC raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 27.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,432 shares of the restaurant operator’s stock after purchasing an additional 1,389 shares during the quarter. Signaturefd LLC’s holdings in Restaurant Brands International were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Restaurant Brands International by 223.3% in the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock worth $379,000 after acquiring an additional 3,934 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Restaurant Brands International by 48.0% in the third quarter. DAVENPORT & Co LLC now owns 8,248 shares of the restaurant operator’s stock worth $550,000 after acquiring an additional 2,676 shares during the period. Ellsworth Advisors LLC grew its stake in shares of Restaurant Brands International by 45.0% in the third quarter. Ellsworth Advisors LLC now owns 11,559 shares of the restaurant operator’s stock worth $763,000 after acquiring an additional 3,590 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Restaurant Brands International by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock worth $1,903,000 after acquiring an additional 1,338 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Restaurant Brands International by 4.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock worth $1,036,000 after acquiring an additional 693 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $73.60 on Thursday. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.20 and a beta of 0.91. The firm’s fifty day moving average is $76.84 and its 200 day moving average is $74.14. 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.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. Restaurant Brands International’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.4 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.58 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.15%. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

QSR has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Truist Financial cut 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. Scotiabank cut 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. Citigroup cut their target price on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the transaction, the insider now owns 410,759 shares in the company, valued at $31,299,835.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last 90 days. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Company Profile

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.