Mufg Securities Canada LTD. Has $32.20 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Mufg Securities Canada LTD. increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 75.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 494,313 shares of the restaurant operator’s stock after buying an additional 213,035 shares during the quarter. Restaurant Brands International comprises about 1.2% of Mufg Securities Canada LTD.’s holdings, making the stock its 27th biggest position. Mufg Securities Canada LTD.’s holdings in Restaurant Brands International were worth $32,197,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at about $32,000. IFP Advisors Inc boosted its position in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares during the period. Crewe Advisors LLC acquired a new position in Restaurant Brands International during the fourth quarter valued at approximately $74,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity

In related news, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock worth $19,121,223 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QSR. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Stifel Nicolaus lowered their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Barclays cut their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Finally, TD Securities reiterated a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. One research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.08.

Restaurant Brands International Stock Performance

QSR stock opened at $66.59 on Wednesday. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $80.02. The business’s fifty day moving average is $64.49 and its 200-day moving average is $67.23. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $21.64 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results 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 return on equity of 28.53% and a net margin of 12.15%. Equities research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.72%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Restaurant Brands International Company 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.