Meritage Group LP Has $215.20 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Meritage Group LP boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5,795.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,301,689 shares of the restaurant operator's stock after buying an additional 3,245,689 shares during the quarter. Restaurant Brands International accounts for 5.1% of Meritage Group LP's investment portfolio, making the stock its 8th largest position. Meritage Group LP owned approximately 1.02% of Restaurant Brands International worth $215,204,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. MML Investors Services LLC boosted its position in shares of Restaurant Brands International by 5.5% during the 3rd quarter. MML Investors Services LLC now owns 9,066 shares of the restaurant operator's stock worth $654,000 after acquiring an additional 476 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Restaurant Brands International in the third quarter valued at $12,053,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Restaurant Brands International during the third quarter worth about $378,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator's stock valued at $325,000 after purchasing an additional 210 shares during the period. Finally, Avanza Fonder AB purchased a new position in Restaurant Brands International during the 4th quarter worth approximately $1,299,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QSR. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a research report on Friday, January 10th. TD Cowen lowered Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Barclays lowered their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Truist Financial reduced their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, CIBC reduced their price target on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.25.

Restaurant Brands International Stock Up 0.4 %

NYSE QSR traded up $0.24 during trading on Friday, reaching $62.83. The company's stock had a trading volume of 589,311 shares, compared to its average volume of 1,845,180. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $20.58 billion, a PE ratio of 19.74, a PEG ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The business has a 50-day moving average price of $64.92 and a 200-day moving average price of $66.22.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, research 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 company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a $0.62 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Insider Activity

In other news, CFO Sami A. Siddiqui sold 18,477 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 55,761 shares in the company, valued at approximately $3,476,698.35. The trade was a 24.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the transaction, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is currently 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.