Oakworth Capital Inc. Purchases New Position in Restaurant Brands International Inc. (NYSE:QSR)

Oakworth Capital Inc. acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 385 shares of the restaurant operator’s stock, valued at approximately $30,000.

A number of other institutional investors also recently made changes to their positions in QSR. Norges Bank acquired a new stake in Restaurant Brands International during the 4th quarter worth approximately $91,144,000. Alliancebernstein L.P. lifted its holdings in shares of Restaurant Brands International by 222.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,957,325 shares of the restaurant operator’s stock worth $126,580,000 after buying an additional 1,349,590 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Restaurant Brands International by 3,650.9% in the first quarter. Renaissance Technologies LLC now owns 787,687 shares of the restaurant operator’s stock valued at $46,002,000 after acquiring an additional 766,687 shares during the period. Dorsal Capital Management LLC acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at about $48,502,000. Finally, Bridgewater Associates LP raised its stake in Restaurant Brands International by 360.2% in the 1st quarter. Bridgewater Associates LP now owns 882,707 shares of the restaurant operator’s stock worth $51,616,000 after purchasing an additional 690,887 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

QSR opened at $71.37 on Friday. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.13 and a beta of 0.91. The company’s fifty day moving average price is $77.12 and its two-hundred day moving average price is $73.81. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. On average, analysts expect that Restaurant Brands International Inc. will post 3.4 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.58 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.25%. Restaurant Brands International’s payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several research analysts have recently commented on QSR shares. Oppenheimer raised their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Royal Bank of Canada reduced their target price on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Truist Financial dropped their price target on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Evercore ISI raised their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.25.

Insider Buying and Selling

In related news, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at $4,260,112.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is owned by corporate insiders.

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.