Russell Investments Group Ltd. Purchases 3,309 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Russell Investments Group Ltd. raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,415 shares of the restaurant operator’s stock after purchasing an additional 3,309 shares during the period. Russell Investments Group Ltd.’s holdings in Restaurant Brands International were worth $6,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of Restaurant Brands International by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 503,673 shares of the restaurant operator’s stock valued at $32,829,000 after acquiring an additional 7,197 shares in the last quarter. Aviva PLC raised its holdings in shares of Restaurant Brands International by 621.0% in the 4th quarter. Aviva PLC now owns 85,212 shares of the restaurant operator’s stock valued at $5,543,000 after purchasing an additional 73,393 shares in the last quarter. Savoir Faire Capital Management L.P. boosted its stake in shares of Restaurant Brands International by 88.0% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 59,693 shares of the restaurant operator’s stock valued at $3,891,000 after purchasing an additional 27,949 shares in the last quarter. Trexquant Investment LP purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $1,115,000. Finally, Geode Capital Management LLC raised its stake in Restaurant Brands International by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator’s stock worth $123,137,000 after buying an additional 467,958 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 93,619 shares of the company’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 $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock worth $17,740,281 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 2.5 %

Shares of NYSE:QSR opened at $62.88 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.24. The business has a 50 day moving average of $65.31 and a two-hundred day moving average of $66.69. The company has a market capitalization of $20.58 billion, a PE ratio of 19.77, a PEG ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced 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 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 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced 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 is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.94%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Oppenheimer cut their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group cut their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Securities restated a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. CIBC cut their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have issued 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 target price of $76.63.

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.