Boston Partners Has $3.33 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Boston Partners decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,018 shares of the restaurant operator’s stock after selling 6,531 shares during the period. Boston Partners’ holdings in Restaurant Brands International were worth $3,325,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. National Bank of Canada FI boosted its stake in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after purchasing an additional 1,082,622 shares during the last quarter. Geode Capital Management LLC boosted its position in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock worth $86,780,000 after purchasing an additional 68,456 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $89,790,000. Institutional investors own 82.29% of the company’s stock.

Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Trading Down 1.2 %

Shares of NYSE:QSR opened at $67.16 on Friday. The business’s 50 day simple moving average is $64.25 and its 200 day simple moving average is $67.26. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $80.49. 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 company has a market capitalization of $21.83 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.77 and a beta of 0.95.

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 (EPS) 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%. On average, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday. Jefferies Financial Group cut their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Oppenheimer lowered their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.08.

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.