Corient Private Wealth LLC Increases Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Corient Private Wealth LLC boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 166.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,475 shares of the restaurant operator’s stock after purchasing an additional 12,789 shares during the period. Corient Private Wealth LLC’s holdings in Restaurant Brands International were worth $1,335,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its stake in shares of Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 161 shares in the last quarter. D.A. Davidson & CO. grew its position in Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after acquiring an additional 179 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Restaurant Brands International by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after purchasing an additional 180 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Restaurant Brands International by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after purchasing an additional 210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Restaurant Brands International by 5.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator’s stock valued at $319,000 after purchasing an additional 233 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares of the company’s stock, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 300,226 shares of company stock worth $19,121,223 in the last three months. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Stock Performance

QSR stock opened at $66.59 on Wednesday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $80.02. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s fifty day moving average is $64.49 and its two-hundred day moving average is $67.23.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.72%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Jefferies Financial Group cut their price target 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. 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. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Finally, Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their target price for the company from $74.00 to $71.00 in a research note on Friday, January 24th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.08.

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.