Orion Portfolio Solutions LLC Trims Position in Restaurant Brands International Inc. (NYSE:QSR)

Orion Portfolio Solutions LLC lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,405 shares of the restaurant operator’s stock after selling 160 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Restaurant Brands International were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Summerhill Capital Management lnc. bought a new position in Restaurant Brands International in the 4th quarter worth $841,000. Baskin Financial Services Inc. increased its position 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 valued at $21,664,000 after buying an additional 9,208 shares during the period. Aviso Financial Inc. raised its stake in Restaurant Brands International by 4.1% in the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock worth $61,384,000 after buying an additional 37,241 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after buying an additional 6,000 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company’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 transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 300,226 shares of company stock worth $19,121,223 in the last ninety days. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $63.61 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The business has a 50-day simple moving average of $65.42 and a two-hundred day simple moving average of $67.14. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data 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, analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.90%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Analysts Set New Price Targets

QSR has been the subject of several research reports. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer lowered their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.