Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 202.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,695 shares of the restaurant operator's stock after purchasing an additional 10,500 shares during the period. XTX Topco Ltd's holdings in Restaurant Brands International were worth $1,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% during 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. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at $32,000. IFP Advisors Inc lifted its position in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International in the fourth quarter valued at $60,000. Finally, Crewe Advisors LLC purchased a new position in shares of Restaurant Brands International during the fourth quarter worth about $74,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.97 during trading on Monday, hitting $62.25. 179,284 shares of the company were exchanged, compared to its average volume of 1,840,759. The firm has a 50 day moving average price of $65.10 and a 200 day moving average price of $66.37. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $77.24.

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 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%. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.62 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of research reports. Citigroup dropped their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer reduced their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Robert W. Baird dropped their price target on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company lowered their target price on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley reduced their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.58.

Insider Transactions at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Duncan Fulton sold 15,974 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares of the company's stock, valued at $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock worth $17,740,281 over the last ninety days. 1.36% of the stock is currently owned by corporate 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.