M&T Bank Corp Acquires 40,009 Shares of Restaurant Brands International Inc. $QSR

M&T Bank Corp grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 164.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,339 shares of the restaurant operator's stock after buying an additional 40,009 shares during the quarter. M&T Bank Corp's holdings in Restaurant Brands International were worth $4,390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $29,000. Exchange Traded Concepts LLC acquired a new position in Restaurant Brands International in the third quarter worth about $48,000. MassMutual Private Wealth & Trust FSB raised its position in Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator's stock worth $66,000 after purchasing an additional 300 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Restaurant Brands International by 45.6% during the third quarter. Cromwell Holdings LLC now owns 1,079 shares of the restaurant operator's stock worth $70,000 after purchasing an additional 338 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Restaurant Brands International by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,606 shares of the restaurant operator's stock worth $110,000 after purchasing an additional 235 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 30,000 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.61, for a total transaction of $2,238,300.00. Following the transaction, the insider owned 165,727 shares in the company, valued at $12,364,891.47. This represents a 15.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 10,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total transaction of $754,100.00. Following the sale, the insider directly owned 78,560 shares in the company, valued at approximately $5,924,209.60. This represents a 11.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 441,490 shares of company stock valued at $32,375,140. 1.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

QSR has been the topic of several analyst reports. Citigroup upped their price objective on Restaurant Brands International from $76.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on Restaurant Brands International from $83.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. KeyCorp upped their price target on Restaurant Brands International from $78.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, April 20th. Guggenheim increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Finally, Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a report on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.39.

Restaurant Brands International Stock Performance

NYSE QSR opened at $80.96 on Monday. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.67. The company has a 50 day moving average of $74.01 and a 200-day moving average of $70.68. 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 firm has a market cap of $28.10 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 2.32 and a beta of 0.51.

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 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.Restaurant Brands International's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. On average, equities analysts forecast that Restaurant Brands International Inc. will post 4.05 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were paid a $0.65 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. Restaurant Brands International's payout ratio is presently 110.17%.

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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