30,461 Shares in Restaurant Brands International Inc. (NYSE:QSR) Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors acquired 30,461 shares of Restaurant Brands International (NYSE: QSR), valued at approximately $2,030,000, during the 1st quarter.
• Several institutional investors significantly increased their stakes in Restaurant Brands International, with Meritage Group LP raising its stake by 5,795.9% to own over 3.3 million shares.
• Restaurant Brands reported a 1.3% decline in stock value, with a recent earnings miss of 3 cents per share and quarterly revenue lower than expected at $2.03 billion.

Arkadios Wealth Advisors purchased a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,461 shares of the restaurant operator's stock, valued at approximately $2,030,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meritage Group LP increased its stake in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying 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 worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. lifted its stake in Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. TD Asset Management Inc lifted its stake in Restaurant Brands International by 29.4% in the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after purchasing an additional 1,053,640 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Restaurant Brands International by 967.0% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock valued at $70,793,000 after acquiring an additional 985,615 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QSR. Bank of America dropped their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a report on Friday, July 18th. Truist Financial increased their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Robert W. Baird decreased their price objective 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. Melius initiated coverage on shares of Restaurant Brands International in a report on Monday, July 14th. They issued a "buy" rating and a $90.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $76.09.

Restaurant Brands International Stock Down 1.3%

Restaurant Brands International stock opened at $67.84 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The stock has a market capitalization of $22.24 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.14 and a beta of 0.58. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The business has a fifty day moving average price of $68.59 and a 200-day moving average price of $66.16.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's payout ratio is presently 84.07%.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company's stock.

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.

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