Syon Capital LLC Boosts Position in Restaurant Brands International Inc. (NYSE:QSR)

Syon Capital LLC raised its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 21.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,430 shares of the restaurant operator’s stock after buying an additional 790 shares during the period. Syon Capital LLC’s holdings in Restaurant Brands International were worth $346,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pacifica Partners Inc. boosted its holdings in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC raised its position in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Restaurant Brands International in the 4th quarter worth $30,000. Fifth Third Bancorp grew its position in shares of Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after buying an additional 278 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Restaurant Brands International by 73,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock worth $49,000 after buying an additional 735 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 23,322 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $1,761,977.10. Following the sale, the insider now directly owns 406,860 shares of the company’s stock, valued at $30,738,273. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Matthew Dunnigan sold 46,701 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Granat sold 23,322 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the transaction, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last quarter. 1.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on QSR. Royal Bank of Canada lowered their price objective on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Truist Financial lowered their price target on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. CIBC cut their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, January 17th. Citigroup reduced their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, BMO Capital Markets increased their target price 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 investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.25.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $73.82 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The company’s fifty day moving average price is $76.72 and its 200 day moving average price is $74.28. The stock has a market capitalization of $23.36 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.16 and a beta of 0.91. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.38 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company 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 positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.14%. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s payout ratio is 61.54%.

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.