Alliancebernstein L.P. Has $3.63 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Alliancebernstein L.P. reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 48.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,733 shares of the restaurant operator's stock after selling 52,828 shares during the period. Alliancebernstein L.P.'s holdings in Restaurant Brands International were worth $3,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QSR. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the period. Norges Bank bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $264,813,000. Geode Capital Management LLC raised its stake in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after acquiring an additional 126,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in Restaurant Brands International by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock worth $86,780,000 after acquiring an additional 68,456 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Restaurant Brands International by 165.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock valued at $74,802,000 after purchasing an additional 715,754 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Up 1.6 %

Shares of QSR traded up $0.98 during mid-day trading on Friday, reaching $63.23. The company's stock had a trading volume of 1,264,286 shares, compared to its average volume of 1,847,352. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $77.24. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The business has a fifty day moving average of $65.10 and a 200 day moving average of $66.40.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 3.92%. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of recent research reports. TD Securities restated a "hold" rating and set a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Citigroup cut their price objective on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Truist Financial cut their target price on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $76.58.

Insider Buying and Selling

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the company'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 transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock valued at $17,740,281 over the last three months. 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.