8,755 Shares in Restaurant Brands International Inc. $QSR Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the third quarter, Holdings Channel.com reports. The firm bought 8,755 shares of the restaurant operator’s stock, valued at approximately $562,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QSR. MAI Capital Management grew its stake in Restaurant Brands International by 4.1% in the second quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after purchasing an additional 180 shares during the period. Legacy Wealth Asset Management LLC lifted its position in Restaurant Brands International by 2.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 7,868 shares of the restaurant operator’s stock valued at $505,000 after buying an additional 192 shares during the period. ASR Vermogensbeheer N.V. grew its position in shares of Restaurant Brands International by 1.6% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 13,583 shares of the restaurant operator’s stock worth $872,000 after buying an additional 219 shares during the period. Metis Global Partners LLC grew its position in shares of Restaurant Brands International by 1.7% in the 3rd quarter. Metis Global Partners LLC now owns 13,496 shares of the restaurant operator’s stock worth $866,000 after buying an additional 226 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Restaurant Brands International by 3.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,055 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Truist Financial raised their price objective on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Stifel Nicolaus raised Restaurant Brands International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $90.00 in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada increased their price objective on shares of Restaurant Brands International from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus price target of $78.95.

Insider Buying and Selling

In other news, insider Duncan Fulton sold 10,308 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $695,893.08. Following the transaction, the insider directly owned 49,677 shares of the company’s stock, valued at $3,353,694.27. This represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline Friesner sold 4,617 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $311,693.67. Following the completion of the transaction, the insider owned 194,201 shares in the company, valued at approximately $13,110,509.51. This trade represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 186,401 shares of company stock valued at $12,857,069 in the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

NYSE QSR opened at $74.06 on Monday. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.42. The stock has a 50-day moving average of $68.88 and a 200 day moving average of $67.81. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.10 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s payout ratio is currently 105.08%.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.