Envestnet Asset Management Inc. Boosts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Envestnet Asset Management Inc. grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 503,673 shares of the restaurant operator’s stock after purchasing an additional 7,197 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Restaurant Brands International worth $32,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $32,000. IFP Advisors Inc increased its position in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at $60,000. Finally, Crewe Advisors LLC purchased a new position in Restaurant Brands International in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on QSR shares. Citigroup raised their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Truist Financial reduced their price objective on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. CIBC reduced their price target on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.63.

Restaurant Brands International Stock Up 2.5 %

Shares of NYSE QSR opened at $62.88 on Friday. The firm’s 50 day moving average price is $65.31 and its 200 day moving average price is $66.72. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $20.58 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.94%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock worth $17,740,281 in the last three months. Company insiders own 1.36% of the company’s stock.

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.