Lebenthal Global Advisors LLC Acquires 15,096 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Lebenthal Global Advisors boosted its stake in Restaurant Brands International (NYSE:QSR) by 118.5% in Q4, buying 15,096 shares to hold 27,831 shares valued at about $1.899 million.
• Corporate insiders have been net sellers, disposing of 441,490 shares worth roughly $32.38 million in the last three months, including CFO Sami A. Siddiqui selling 40,000 shares (~$2.98M) and Jill Granat selling 25,000 shares (~$1.88M).
• RBI raised its quarterly dividend from $0.62 to $0.65 (annualized $2.60, ~3.2% yield) despite a payout ratio of 110.17%, and analysts hold a consensus "Moderate Buy" with an average target price of $81.04.

Lebenthal Global Advisors LLC boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 118.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,831 shares of the restaurant operator's stock after purchasing an additional 15,096 shares during the quarter. Lebenthal Global Advisors LLC's holdings in Restaurant Brands International were worth $1,899,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of QSR. Baupost Group LLC MA grew its position in Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator's stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the period. State Street Corp grew its position in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator's stock valued at $198,711,000 after purchasing an additional 2,966,048 shares during the period. EdgePoint Investment Group Inc. grew its position in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator's stock valued at $955,855,000 after purchasing an additional 1,983,354 shares during the period. Canada Pension Plan Investment Board grew its position in Restaurant Brands International by 56.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator's stock valued at $189,510,000 after purchasing an additional 1,029,500 shares during the period. Finally, Bank of America Corp DE grew its position in Restaurant Brands International by 62.2% in the 2nd quarter. Bank of America Corp DE now owns 2,339,967 shares of the restaurant operator's stock valued at $155,116,000 after purchasing an additional 897,742 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 40,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the completion of the transaction, the chief financial officer owned 35,766 shares in the company, valued at approximately $2,664,924.66. This represents a 52.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Granat sold 25,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the transaction, the insider owned 478,845 shares of the company's stock, valued at $35,956,471.05. The trade was a 4.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 441,490 shares of company stock worth $32,375,140 in the last three months. Corporate insiders own 1.25% of the company's stock.

Restaurant Brands International Trading Up 2.8%

Shares of Restaurant Brands International stock opened at $81.24 on Friday. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.54. The firm has a market cap of $28.20 billion, a PE ratio of 34.42, a P/E/G ratio of 2.26 and a beta of 0.51. The stock has a fifty day moving average price of $73.71 and a 200-day moving average price of $70.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm posted $0.81 EPS. The business's revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.05 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, March 19th. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's dividend payout ratio is currently 110.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on Restaurant Brands International from $83.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. lowered their price target on Restaurant Brands International from $77.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, February 24th. Stifel Nicolaus raised Restaurant Brands International from a "hold" rating to a "buy" rating and increased their price target for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. BMO Capital Markets lowered their price target on Restaurant Brands International from $83.00 to $81.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Finally, Morgan Stanley increased their price target on Restaurant Brands International from $77.00 to $78.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 3rd. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $81.04.

About Restaurant Brands International

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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