Physician Wealth Advisors Inc. Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 923 shares of the restaurant operator’s stock, valued at approximately $60,000.

Several other institutional investors have also recently made changes to their positions in QSR. Norges Bank purchased a new stake in Restaurant Brands International in the fourth quarter valued at $264,813,000. National Bank of Canada FI boosted its position in shares of Restaurant Brands International by 68.6% during the third 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 period. Holocene Advisors LP purchased a new stake in shares of Restaurant Brands International in the 3rd quarter valued at $89,790,000. Point72 Asset Management L.P. boosted its holdings in Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Restaurant Brands International by 165.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator’s stock valued at $74,802,000 after purchasing an additional 715,754 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on 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 directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 300,226 shares of company stock worth $19,121,223. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR opened at $66.73 on Tuesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.28. The firm has a 50-day simple moving average of $65.00 and a 200-day simple moving average of $67.20. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

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 net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.72%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Jefferies Financial Group reduced their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Truist Financial decreased their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.08.

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.