GW&K Investment Management LLC Raises Holdings in Restaurant Brands International Inc. (NYSE:QSR)

GW&K Investment Management LLC lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,713 shares of the restaurant operator's stock after buying an additional 76,253 shares during the quarter. GW&K Investment Management LLC owned about 0.19% of Restaurant Brands International worth $40,698,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QSR. Dunhill Financial LLC raised its holdings in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Restaurant Brands International in the first quarter valued at about $26,000. Private Trust Co. NA lifted 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 worth $35,000 after purchasing an additional 255 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 636 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on QSR shares. Morgan Stanley reduced their price target on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Bank of America decreased their price objective on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday, July 18th. Truist Financial lifted their target price on Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a report 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $75.65.

Insider Buying and Selling

In related news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 0.2%

Shares of NYSE QSR traded down $0.18 during mid-day trading on Wednesday, reaching $71.16. 1,190,021 shares of the company were exchanged, compared to its average volume of 2,114,452. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The stock has a market cap of $23.32 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.15 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 firm has a 50-day moving average of $68.60 and a 200 day moving average of $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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $0.73 earnings per share. The firm's revenue was up 21.3% on a year-over-year basis. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a yield of 3.48%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

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.