Man Group plc Boosts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Man Group plc grew its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 282.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 507,022 shares of the restaurant operator's stock after acquiring an additional 374,568 shares during the quarter. Man Group plc owned about 0.16% of Restaurant Brands International worth $33,048,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QSR. Dunhill Financial LLC raised its stake in Restaurant Brands International by 100.0% in the 4th 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. Venturi Wealth Management LLC grew its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $32,000. IFP Advisors Inc lifted its stake in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after buying an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter worth about $60,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QSR shares. CIBC cut their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Morgan Stanley increased their price target on Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a report on Friday, February 14th. Finally, Barclays reduced their price target on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $75.65.

Insiders Place Their Bets

In related news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 278,716 shares of company stock worth $17,740,281 over the last three months. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Up 2.4%

Restaurant Brands International stock opened at $69.66 on Friday. The company has a market capitalization of $22.82 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The firm has a 50 day moving average price of $65.31 and a 200 day moving average price of $65.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly 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). The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The company's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. Research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.56%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is currently 84.07%.

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.

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