Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Mn Services Vermogensbeheer B.V. raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,800 shares of the restaurant operator’s stock after buying an additional 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Restaurant Brands International were worth $7,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of Restaurant Brands International during the third quarter worth approximately $257,000. International Assets Investment Management LLC purchased a new stake in shares of Restaurant Brands International during the third quarter worth approximately $4,596,000. Assenagon Asset Management S.A. raised its stake in shares of Restaurant Brands International by 379.6% during the third quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock worth $1,628,000 after purchasing an additional 17,868 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Restaurant Brands International by 38.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 1,198 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Restaurant Brands International by 4.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 42,344 shares of the restaurant operator’s stock worth $3,006,000 after purchasing an additional 1,762 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the transaction, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This trade represents a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 379,726 shares of company stock valued at $24,662,800 over the last quarter. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Truist Financial cut their price target on 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. TD Securities reaffirmed a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday. KeyCorp dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.33.

Restaurant Brands International Stock Up 0.1 %

QSR opened at $65.24 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a market cap of $21.17 billion, a P/E ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The business’s fifty day simple moving average is $63.44 and its 200 day simple moving average is $67.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid 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 dividend yield of 3.80%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

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.