Dimensional Fund Advisors LP Purchases 195,340 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Dimensional Fund Advisors LP boosted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 974,868 shares of the restaurant operator’s stock after acquiring an additional 195,340 shares during the period. Dimensional Fund Advisors LP owned 0.30% of Restaurant Brands International worth $63,541,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of Restaurant Brands International by 28.1% in the 4th quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator’s stock worth $2,984,000 after acquiring an additional 10,033 shares during the last quarter. GeoWealth Management LLC lifted its holdings in shares of Restaurant Brands International by 7.0% in the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 163 shares in the last quarter. Capital International Ltd. CA boosted its position in shares of Restaurant Brands International by 8.5% during the fourth quarter. Capital International Ltd. CA now owns 186,711 shares of the restaurant operator’s stock valued at $12,170,000 after buying an additional 14,548 shares during the last quarter. Cadence Bank grew its holdings in Restaurant Brands International by 1.5% during the fourth quarter. Cadence Bank now owns 73,423 shares of the restaurant operator’s stock worth $4,786,000 after buying an additional 1,052 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. raised its position in Restaurant Brands International by 14.4% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 39,682 shares of the restaurant operator’s stock valued at $2,586,000 after buying an additional 4,985 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QSR. Barclays reduced their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Robert W. Baird cut their price objective on Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Guggenheim raised their target price on Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.27.

Restaurant Brands International Trading Up 1.4 %

Shares of QSR stock opened at $65.29 on Friday. The company has a market capitalization of $21.39 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $76.49. The business’s fifty day moving average is $64.98 and its 200 day moving average is $65.99. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Insider Transactions at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 278,716 shares of company stock valued at $17,740,281 in the last quarter. 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.