Hilltop National Bank Takes Position in Restaurant Brands International Inc. $QSR

Key Points

• Hilltop National Bank initiated a new position in Restaurant Brands International, buying 23,547 shares in Q4 worth about $1.61 million.
• RBI beat Q4 expectations with $0.96 EPS (vs. $0.93 est.) and revenue of $2.47 billion (up 7.4% year‑over‑year), and analysts forecast roughly 3.72 EPS for the current fiscal year.
• Corporate insiders have been net sellers recently, disposing of 455,191 shares (~$33.3 million) over the past three months, including a 40,000‑share sale by the CFO.

Hilltop National Bank purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,547 shares of the restaurant operator's stock, valued at approximately $1,607,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MAI Capital Management lifted its position in shares of Restaurant Brands International by 4.1% during the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator's stock valued at $305,000 after acquiring an additional 180 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Restaurant Brands International by 2.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 7,868 shares of the restaurant operator's stock worth $505,000 after purchasing an additional 192 shares during the period. ASR Vermogensbeheer N.V. increased its position in shares of Restaurant Brands International by 1.6% in the third quarter. ASR Vermogensbeheer N.V. now owns 13,583 shares of the restaurant operator's stock worth $872,000 after purchasing an additional 219 shares during the period. Cresset Asset Management LLC raised its stake in Restaurant Brands International by 4.4% in the third quarter. Cresset Asset Management LLC now owns 5,336 shares of the restaurant operator's stock valued at $346,000 after purchasing an additional 225 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in Restaurant Brands International by 1.7% in the third quarter. Metis Global Partners LLC now owns 13,496 shares of the restaurant operator's stock valued at $866,000 after purchasing an additional 226 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.5%

Shares of NYSE QSR opened at $73.77 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.11 and a beta of 0.56. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.57. The stock has a 50-day moving average price of $69.93 and a two-hundred day moving average price of $68.46.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company posted $0.81 EPS. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's payout ratio is currently 110.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on QSR shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Scotiabank dropped their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, February 13th. Wells Fargo & Company upped their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Truist Financial lifted their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Finally, Piper Sandler upgraded shares of Restaurant Brands International from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $79.19.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of the business's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the sale, the chief financial officer owned 35,766 shares of the company's stock, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Housman sold 20,000 shares of the company's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the transaction, the insider owned 162,077 shares of the company's stock, valued at $11,909,417.96. This trade represents a 10.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 455,191 shares of company stock valued at $33,299,206. Corporate insiders own 1.25% of the company's stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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