Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,437 shares of the restaurant operator’s stock after acquiring an additional 1,606 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.05% of Restaurant Brands International worth $13,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Restaurant Brands International by 49.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after acquiring an additional 59,627 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $3,703,000. Allspring Global Investments Holdings LLC increased its stake in shares of Restaurant Brands International by 248,359.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock worth $7,182,000 after acquiring an additional 91,893 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Restaurant Brands International in the third quarter worth $5,619,000. Finally, Vanguard Group Inc. increased its stake in shares of Restaurant Brands International by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after acquiring an additional 203,594 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Guggenheim raised their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Citigroup raised their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen restated a “buy” rating and set a $84.00 price target on shares of Restaurant Brands International in a research report on Tuesday. Finally, Barclays raised their price target on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.56.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 23,322 shares of Restaurant Brands International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the transaction, the insider now directly owns 406,860 shares of the company’s stock, valued at $30,738,273. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Granat sold 23,322 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $1,761,977.10. Following the sale, the insider now directly owns 406,860 shares of the company’s stock, valued at approximately $30,738,273. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 over the last ninety days. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded up $1.62 during midday trading on Friday, hitting $75.83. The company’s stock had a trading volume of 1,447,447 shares, compared to its average volume of 1,649,227. The business’s 50 day simple moving average is $76.56 and its 200 day simple moving average is $74.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08. The company has a market cap of $23.99 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Restaurant Brands International’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.