Dana Investment Advisors Inc. Grows Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Dana Investment Advisors Inc. lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,259 shares of the restaurant operator’s stock after purchasing an additional 8,873 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Restaurant Brands International were worth $11,293,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summerhill Capital Management lnc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $841,000. Baskin Financial Services Inc. raised its stake in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after purchasing an additional 9,208 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after purchasing an additional 6,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $4,969,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 379,726 shares of company stock worth $24,662,800 in the last three months. 1.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QSR shares. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. KeyCorp cut their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. TD Securities restated a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and a consensus target price of $77.33.

Restaurant Brands International Stock Up 2.1 %

Shares of NYSE:QSR opened at $66.75 on Thursday. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock’s 50-day moving average price is $63.43 and its two-hundred day moving average price is $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS 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, research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

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

Restaurant Brands International Company 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.