Man Group plc Grows Position in Restaurant Brands International Inc. (NYSE:QSR)

Man Group plc raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 282.8% in the fourth quarter, Holdings Channel reports. The fund owned 507,022 shares of the restaurant operator’s stock after buying an additional 374,568 shares during the period. Man Group plc’s holdings in Restaurant Brands International were worth $33,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its holdings in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc raised its stake in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 2.4%

Restaurant Brands International stock opened at $69.66 on Friday. The stock has a 50 day moving average of $65.31 and a two-hundred day moving average of $65.72. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.07. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.77 and a beta of 0.60. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $0.73 earnings per share. Restaurant Brands International’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 84.07%.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 of the company’s stock, valued at approximately $16,023,731.36. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09% 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 valued at $17,740,281 over the last quarter. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on QSR shares. TD Securities reaffirmed a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Robert W. Baird dropped their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Morgan Stanley raised their price objective on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Finally, CIBC lowered their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.65.

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.