Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,928 shares of the restaurant operator’s stock after purchasing an additional 2,475 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Restaurant Brands International were worth $1,755,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of QSR. First Horizon Advisors Inc. raised its holdings in Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 160 shares during the period. Bleakley Financial Group LLC raised its holdings in Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 161 shares during the period. D.A. Davidson & CO. raised its holdings in Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 179 shares during the period. Waterfront Wealth Inc. raised its holdings in Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 180 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.1 %

Restaurant Brands International stock opened at $65.24 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average price of $63.44 and a two-hundred day moving average price of $67.60. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is 77.99%.

Insiders Place Their Bets

In other news, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the transaction, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This trade represents a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 379,726 shares of company stock worth $24,662,800. 1.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI cut their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup raised their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Truist Financial cut their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.33.

About Restaurant Brands International

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.