Banco Santander S.A. Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

Banco Santander S.A. acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,608 shares of the restaurant operator’s stock, valued at approximately $757,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC grew its holdings in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International during the fourth quarter worth $32,000. IFP Advisors Inc grew its holdings in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in Restaurant Brands International during the third quarter worth $61,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $69.65 on Monday. The business’s 50-day moving average price is $63.54 and its 200 day moving average price is $67.39. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The company has a market capitalization of $22.64 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

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 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 predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given 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 3.56%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the company’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 $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of the company’s 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 sale, the insider now owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 287,726 shares of company stock worth $18,269,723. 1.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. TD Securities reiterated a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.33.

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.