Dana Investment Advisors Inc. Acquires 132,801 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Dana Investment Advisors Inc. raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 404.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,603 shares of the restaurant operator's stock after purchasing an additional 132,801 shares during the quarter. Dana Investment Advisors Inc. owned 0.05% of Restaurant Brands International worth $12,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QSR. Aviva PLC boosted its position in shares of Restaurant Brands International by 1.3% in the 3rd quarter. Aviva PLC now owns 11,726 shares of the restaurant operator's stock worth $784,000 after buying an additional 149 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Restaurant Brands International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator's stock valued at $423,000 after purchasing an additional 168 shares during the last quarter. Rise Advisors LLC increased its stake 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 purchasing an additional 174 shares in the last quarter. Sigma Planning Corp raised its position in shares of Restaurant Brands International by 2.4% during the 3rd quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator's stock worth $520,000 after purchasing an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in Restaurant Brands International by 4.5% in the 4th quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator's stock valued at $365,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.5 %

Shares of QSR traded down $0.36 during midday trading on Friday, hitting $73.24. The company had a trading volume of 3,821,462 shares, compared to its average volume of 1,683,147. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company's 50 day moving average price is $76.28 and its 200 day moving average price is $74.95. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.22 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. Restaurant Brands International's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.34 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International's dividend payout ratio is presently 59.79%.

Analyst Upgrades and Downgrades

QSR has been the subject of several recent research reports. Guggenheim boosted their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. BMO Capital Markets boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Citigroup raised their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Finally, Piper Sandler reduced their price target on Restaurant Brands International from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.56.

Insiders Place Their Bets

In other news, insider David Chan Shear sold 17,556 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was 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 in the company, valued at $4,260,112.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Chan Shear sold 17,556 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company's stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold a total of 634,933 shares of company stock valued at $47,972,876 over the last 90 days. 1.25% of the stock is owned by company insiders.

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.