Woodline Partners LP Buys 89,061 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Woodline Partners LP raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 69.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,840 shares of the restaurant operator's stock after purchasing an additional 89,061 shares during the period. Woodline Partners LP owned about 0.07% of Restaurant Brands International worth $14,134,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in QSR. MassMutual Private Wealth & Trust FSB raised its position in shares of Restaurant Brands International by 74.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock valued at $86,000 after purchasing an additional 567 shares in the last quarter. Aspire Private Capital LLC raised its position in shares of Restaurant Brands International by 12.5% in the 4th quarter. Aspire Private Capital LLC now owns 16,100 shares of the restaurant operator's stock valued at $1,049,000 after purchasing an additional 1,788 shares in the last quarter. Lebenthal Global Advisors LLC raised its position in shares of Restaurant Brands International by 5.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,039 shares of the restaurant operator's stock valued at $459,000 after acquiring an additional 343 shares in the last quarter. Baskin Financial Services Inc. raised its position in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock valued at $21,664,000 after acquiring an additional 9,208 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Restaurant Brands International by 4.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,599 shares of the restaurant operator's stock valued at $626,000 after acquiring an additional 416 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QSR has been the topic of several research reports. Citigroup dropped their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. TD Cowen lowered Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. Wells Fargo & Company dropped their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Finally, Truist Financial lowered their price objective on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $75.65.

Restaurant Brands International Stock Up 0.9%

Shares of NYSE QSR traded up $0.64 during mid-day trading on Friday, reaching $70.07. 1,947,872 shares of the company traded hands, compared to its average volume of 1,873,851. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market cap of $22.96 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company's fifty day moving average is $65.70 and its two-hundred day moving average is $65.74. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business's revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. On average, 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 will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares of the company's stock, valued at $16,023,731.36. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Duncan Fulton sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the sale, the insider now directly owns 34,822 shares in the company, valued at $2,251,590.52. This trade represents a 44.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 150,646 shares of company stock valued at $9,753,039 in the last 90 days. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Company Profile

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.