Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 33.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,847,805 shares of the restaurant operator’s stock after purchasing an additional 467,958 shares during the quarter. Geode Capital Management LLC owned about 0.57% of Restaurant Brands International worth $123,137,000 as of its most recent filing with the SEC.

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

Restaurant Brands International Stock Down 3.8 %

Shares of NYSE:QSR opened at $59.64 on Wednesday. Restaurant Brands International Inc. has a 1-year low of $59.26 and a 1-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 stock has a market cap of $19.52 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.77 and a beta of 0.72. The firm has a fifty day moving average price of $65.31 and a 200 day moving average price of $66.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.62 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.16%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is presently 77.99%.

Analysts Set New Price Targets

QSR has been the topic of several recent research reports. Citigroup upped their price target on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Jefferies Financial Group reduced their target price 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. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Friday, February 14th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $76.63.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 18,477 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the transaction, the chief financial officer now owns 55,761 shares in the company, valued at approximately $3,476,698.35. This represents a 24.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 over the last 90 days. 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.