Centiva Capital LP Has $2.03 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Centiva Capital LP lifted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 172.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,139 shares of the restaurant operator's stock after acquiring an additional 19,701 shares during the quarter. Centiva Capital LP's holdings in Restaurant Brands International were worth $2,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $264,813,000. Meritage Group LP raised its position in Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares in the last quarter. Baupost Group LLC MA lifted its stake in Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares during the last quarter. Capital World Investors grew its position in shares of Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Restaurant Brands International by 165.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock valued at $74,802,000 after acquiring an additional 715,754 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $67.80 on Wednesday. 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 company has a market cap of $22.21 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company has a 50 day moving average of $65.14 and a 200-day moving average of $65.87. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.37.

Restaurant Brands International (NYSE:QSR - Get Free Report) 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%. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is currently 77.99%.

Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 848,578 shares of the company's stock, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 18,477 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the transaction, the chief financial officer now directly owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. The trade was a 24.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QSR. Guggenheim upped their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, April 4th. JPMorgan Chase & Co. reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. UBS Group decreased their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday. Finally, Truist Financial dropped their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $75.70.

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.

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