GW&K Investment Management LLC Purchases 76,253 Shares of Restaurant Brands International Inc. (NYSE:QSR)

GW&K Investment Management LLC raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 610,713 shares of the restaurant operator's stock after purchasing an additional 76,253 shares during the quarter. GW&K Investment Management LLC owned 0.19% of Restaurant Brands International worth $40,698,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GeoWealth Management LLC raised its holdings in shares of Restaurant Brands International by 7.0% during the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 163 shares in the last quarter. Capital Analysts LLC grew its position in shares of Restaurant Brands International by 24.3% during the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock worth $62,000 after buying an additional 186 shares in the last quarter. Dunhill Financial LLC grew its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after buying an additional 200 shares in the last quarter. Guggenheim Capital LLC boosted its position in Restaurant Brands International by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after purchasing an additional 226 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group lowered their price target on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Oppenheimer upped their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Bank of America decreased their target price on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday. Truist Financial upped their price objective on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Robert W. Baird cut their target price on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $75.65.

Restaurant Brands International Stock Down 0.3%

QSR traded down $0.23 on Monday, reaching $68.92. The company's stock had a trading volume of 1,652,341 shares, compared to its average volume of 2,117,215. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.02 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 company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The business's 50 day moving average is $68.60 and its 200 day moving average is $65.78.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.73 EPS. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. As a group, 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 given a dividend of $0.62 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.60%. Restaurant Brands International's payout ratio is 84.07%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's 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 completion of the sale, the insider owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.