Mn Services Vermogensbeheer B.V. Boosts Position in Restaurant Brands International Inc. (NYSE:QSR)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,800 shares of the restaurant operator’s stock after acquiring an additional 2,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Restaurant Brands International were worth $7,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the period. IFP Advisors Inc raised its holdings in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the period. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth $61,000. Finally, Crewe Advisors LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $74,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $65.24 on Friday. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The company has a market cap of $21.17 billion, a PE ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. 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 business has a 50-day simple moving average of $63.44 and a 200-day simple moving average of $67.60.

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

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the transaction, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 379,726 shares of company stock valued at $24,662,800 over the last three months. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Oppenheimer reduced their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.33.

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.