Perbak Capital Partners LLP Purchases 8,404 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Perbak Capital Partners LLP increased its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 48.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,758 shares of the restaurant operator's stock after purchasing an additional 8,404 shares during the period. Restaurant Brands International makes up 0.9% of Perbak Capital Partners LLP's investment portfolio, making the stock its 25th largest holding. Perbak Capital Partners LLP's holdings in Restaurant Brands International were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Venturi Wealth Management LLC raised its stake in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Restaurant Brands International during the 4th quarter valued at $32,000. IFP Advisors Inc boosted its holdings in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $60,000. Finally, Capital Analysts LLC raised its holdings in shares of Restaurant Brands International by 24.3% in the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares of the company's stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 18,477 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the transaction, the chief financial officer now directly owns 55,761 shares in the company, valued at $3,476,698.35. This trade represents a 24.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. Insiders own 1.36% of the company's stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $1.42 during trading on Friday, hitting $66.67. The stock had a trading volume of 2,395,726 shares, compared to its average volume of 1,844,177. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $76.49. The business's 50-day moving average is $65.03 and its 200 day moving average is $65.92. 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 (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.72%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

QSR has been the subject of a number of recent analyst reports. CIBC reduced their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. TD Cowen downgraded Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. TD Securities reissued a "hold" rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Truist Financial decreased their target price on 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. Finally, Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $75.27.

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.