Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 503,673 shares of the restaurant operator's stock after acquiring an additional 7,197 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Restaurant Brands International worth $32,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after acquiring an additional 421,873 shares in the last quarter. Norges Bank purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $264,813,000. Geode Capital Management LLC increased its holdings in Restaurant Brands International by 33.9% in the 4th quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock worth $123,137,000 after buying an additional 467,958 shares during the period. Bank of New York Mellon Corp raised its position in Restaurant Brands International by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock worth $86,780,000 after buying an additional 68,456 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Restaurant Brands International by 165.3% during 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.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the insider now directly owns 34,822 shares of the company's stock, valued at approximately $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. In the last three months, insiders have sold 278,716 shares of company stock valued at $17,740,281. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 1.4 %

Restaurant Brands International stock traded up $0.86 during trading on Thursday, hitting $63.11. The company had a trading volume of 208,067 shares, compared to its average volume of 1,838,705. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. 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 Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The company's 50 day simple moving average is $65.24 and its 200-day simple moving average is $66.57.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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, analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend 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 77.99%.

Wall Street Analyst Weigh In

QSR has been the topic of several recent research reports. Robert W. Baird lowered their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Oppenheimer decreased their price target on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Truist Financial dropped 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, TD Securities reissued a "hold" rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.58.

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.