Envestnet Portfolio Solutions Inc. Purchases 3,870 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 33.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,446 shares of the restaurant operator’s stock after purchasing an additional 3,870 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Restaurant Brands International were worth $1,207,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Advisor Partners II LLC raised its holdings in shares of Restaurant Brands International by 12.7% in the 3rd quarter. Advisor Partners II LLC now owns 3,098 shares of the restaurant operator’s stock worth $206,000 after acquiring an additional 350 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Restaurant Brands International by 10.2% in the third quarter. Principal Financial Group Inc. now owns 24,447 shares of the restaurant operator’s stock valued at $1,636,000 after purchasing an additional 2,266 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Restaurant Brands International by 73,500.0% during the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 735 shares during the last quarter. Signaturefd LLC grew its holdings in Restaurant Brands International by 4.2% during the third quarter. Signaturefd LLC now owns 5,043 shares of the restaurant operator’s stock worth $336,000 after buying an additional 204 shares in the last quarter. Finally, Aspire Private Capital LLC raised its position in Restaurant Brands International by 79.4% in the 3rd quarter. Aspire Private Capital LLC now owns 2,063 shares of the restaurant operator’s stock valued at $138,000 after buying an additional 913 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 1.0 %

QSR stock opened at $70.86 on Friday. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The firm has a market capitalization of $22.42 billion, a PE ratio of 18.26, a PEG ratio of 2.17 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The stock has a 50-day simple moving average of $75.46 and a two-hundred day simple moving average of $75.13.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.34 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Scotiabank upped their price objective on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Citigroup upped their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets increased their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $83.56.

Get Our Latest Stock Analysis on Restaurant Brands International

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now owns 471,746 shares in the company, valued at approximately $35,975,349.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the transaction, 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 sold a total of 634,933 shares of company stock worth $47,972,876 over the last three months. 1.25% of the stock is owned by insiders.

About Restaurant Brands International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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