GW&K Investment Management LLC Has $45.05 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

GW&K Investment Management LLC reduced its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 576,543 shares of the restaurant operator's stock after selling 13,905 shares during the quarter. GW&K Investment Management LLC owned approximately 0.18% of Restaurant Brands International worth $45,045,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Restaurant Brands International by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator's stock valued at $14,127,000 after buying an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at $3,703,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Restaurant Brands International by 248,359.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator's stock valued at $7,182,000 after purchasing an additional 91,893 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Restaurant Brands International in the 3rd quarter worth about $5,619,000. Finally, Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator's stock worth $784,853,000 after purchasing an additional 203,594 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Trading Down 1.4 %

Shares of NYSE:QSR traded down $0.99 during mid-day trading on Tuesday, reaching $69.01. The stock had a trading volume of 1,854,892 shares, compared to its average volume of 1,563,721. The firm has a market cap of $21.83 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The firm has a 50 day simple moving average of $75.26 and a two-hundred day simple moving average of $75.19. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29.

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

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.36%. Restaurant Brands International's dividend payout ratio is presently 59.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on QSR shares. Loop Capital boosted their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Piper Sandler reduced their target price on Restaurant Brands International from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, May 1st. Robert W. Baird increased their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. TD Securities lifted their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, KeyCorp increased their target price on Restaurant Brands International from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. One 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. According to data from MarketBeat, Restaurant Brands International has an average rating of "Moderate Buy" and an average price target of $83.56.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the sale, the insider now owns 410,759 shares of the company's stock, valued at $31,299,835.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Joshua Kobza sold 246,196 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the transaction, the chief executive officer now directly owns 595,764 shares of the company's stock, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Granat sold 80,332 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $76.20, for a total value of $6,121,298.40. Following the transaction, the insider now owns 410,759 shares of the company's stock, valued at approximately $31,299,835.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 566,441 shares of company stock valued at $42,749,676. Company insiders own 1.25% of the company's stock.

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.