Orion Portfolio Solutions LLC Has $1.20 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Orion Portfolio Solutions LLC reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,405 shares of the restaurant operator’s stock after selling 160 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Restaurant Brands International were worth $1,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QSR. Bleakley Financial Group LLC boosted its stake in Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 161 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of Restaurant Brands International by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 180 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Restaurant Brands International by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after buying an additional 210 shares during the last quarter. Signaturefd LLC grew its holdings in Restaurant Brands International by 3.2% during the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock worth $436,000 after buying an additional 210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Restaurant Brands International by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator’s stock valued at $319,000 after buying an additional 233 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $63.61 on Friday. The firm has a market capitalization of $20.82 billion, a P/E ratio of 20.00, a PEG ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $77.24. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business has a fifty day moving average price of $65.42 and a 200-day moving average price of $67.14.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.90%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Oppenheimer cut their price target 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 Securities reiterated a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. CIBC dropped their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Activity

In related news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International 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.