Sequoia Financial Advisors LLC Has $342,000 Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Sequoia Financial Advisors LLC increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,377 shares of the restaurant operator’s stock after purchasing an additional 1,132 shares during the period. Sequoia Financial Advisors LLC’s holdings in Restaurant Brands International were worth $342,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pacifica Partners Inc. grew its stake in shares of Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC grew its stake in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Fifth Third Bancorp grew its stake in Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares during the period. Janiczek Wealth Management LLC acquired a new position in Restaurant Brands International in the third quarter valued at about $36,000. Finally, Larson Financial Group LLC grew its stake in Restaurant Brands International by 73,500.0% in the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 735 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Matthew Dunnigan sold 14,565 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the transaction, the chief financial officer now owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the transaction, the chief executive officer now directly owns 578,125 shares in the company, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock worth $28,828,182 over the last 90 days. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

NYSE:QSR opened at $71.37 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock’s 50 day moving average price is $77.12 and its two-hundred day moving average price is $73.81. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.13 and a beta of 0.91. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29.

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

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.58 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. This represents a $2.32 annualized dividend and a yield of 3.25%. Restaurant Brands International’s dividend payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research analyst reports. TD Securities decreased their target price on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, April 12th. TD Cowen reissued a “buy” rating and issued a $90.00 target price on shares of Restaurant Brands International in a research note on Wednesday, April 10th. Guggenheim boosted their target price on Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Truist Financial decreased their target price on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Finally, Scotiabank decreased their target price on Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Restaurant Brands International 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.