abrdn plc Sells 96,430 Shares of Restaurant Brands International Inc. (NYSE:QSR)

abrdn plc decreased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,909 shares of the restaurant operator’s stock after selling 96,430 shares during the period. abrdn plc’s holdings in Restaurant Brands International were worth $20,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacifica Partners Inc. increased its holdings in shares of Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth $30,000. Fifth Third Bancorp increased its holdings in shares of Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 278 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Restaurant Brands International by 219.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 686 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.36 on Wednesday. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock’s 50-day simple moving average is $76.90 and its 200-day simple moving average is $74.14. The company has a market capitalization of $23.53 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.15 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Restaurant Brands International Inc. will post 3.4 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 Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.58 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s payout ratio is presently 61.54%.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 over the last ninety days. 1.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QSR. Stifel Nicolaus lifted their target price on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Citigroup cut their price objective on Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Guggenheim lifted their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Truist Financial cut their price objective on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Finally, CIBC cut their price objective on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $82.25.

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.