Restaurant Brands International Inc. (NYSE:QSR) Position Reduced by abrdn plc

abrdn plc reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,909 shares of the restaurant operator's stock after selling 96,430 shares during the period. abrdn plc owned 0.09% of Restaurant Brands International worth $20,932,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pacifica Partners Inc. grew its stake in Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its position in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after buying an additional 174 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Restaurant Brands International during the fourth quarter valued at $30,000. Fifth Third Bancorp raised its holdings in shares of Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 278 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Restaurant Brands International by 219.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 686 shares of the restaurant operator's stock worth $54,000 after buying an additional 471 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QSR. Stephens restated an "equal weight" rating and issued a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 14th. Guggenheim boosted their price objective on shares of Restaurant Brands International from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. TD Cowen reissued a "buy" rating and issued a $90.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Finally, CIBC lowered their price target on Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $82.25.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company's stock, valued at approximately $4,260,112.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the transaction, the chief financial officer now directly owns 55,863 shares of the company's stock, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Granat sold 80,332 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the completion of the sale, the insider now directly owns 410,759 shares of the company's stock, valued at $31,299,835.80. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 in the last quarter. Corporate insiders own 1.25% of the company's stock.

Restaurant Brands International Trading Down 1.0 %

NYSE:QSR traded down $0.75 during trading hours on Wednesday, reaching $73.60. 959,000 shares of the stock were exchanged, compared to its average volume of 1,452,181. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The business has a 50-day moving average of $76.90 and a two-hundred day moving average of $74.14. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.20 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. Restaurant Brands International's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.58 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 61.54%.

About Restaurant Brands International

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.