Northern Trust Corp Acquires 107,997 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Northern Trust Corp boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 266,880 shares of the restaurant operator's stock after purchasing an additional 107,997 shares during the period. Northern Trust Corp owned approximately 0.08% of Restaurant Brands International worth $17,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $32,000. IFP Advisors Inc lifted its position in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $60,000. Finally, Capital Analysts LLC lifted its position in shares of Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 186 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 0.2%

NYSE:QSR traded down $0.16 during mid-day trading on Tuesday, hitting $71.20. 94,638 shares of the company's stock were exchanged, compared to its average volume of 1,857,931. The company has a 50 day simple moving average of $65.45 and a 200-day simple moving average of $65.67. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. 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 market capitalization of $23.33 billion, a P/E ratio of 22.37, a PEG ratio of 1.77 and a beta of 0.60.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial cut their target price on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group cut their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Jefferies Financial Group dropped their price target on shares of 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. Finally, Guggenheim increased their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. 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. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Hold" and a consensus price target of $75.65.

Insider Activity

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at $52,908,838.30. This represents a 9.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 in the last quarter. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International 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.