Buckingham Capital Management Inc. Has $1.57 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Buckingham Capital Management Inc. boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,130 shares of the restaurant operator’s stock after buying an additional 1,896 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Restaurant Brands International were worth $1,573,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings 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 worth $30,000 after acquiring an additional 314 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $61,000. Crewe Advisors LLC bought a new stake in Restaurant Brands International during the 4th quarter worth approximately $74,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Restaurant Brands International by 74.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on QSR shares. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Citigroup upped their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Bank of America boosted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Stock Down 2.8 %

Restaurant Brands International stock opened at $64.53 on Tuesday. The company has a fifty day simple moving average of $64.24 and a 200 day simple moving average of $68.02. 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 1-year low of $59.67 and a 1-year high of $83.29. The company has a market cap of $20.94 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced 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 16.01% and a return on equity of 28.25%. Research analysts anticipate that Restaurant Brands International Inc. will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

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.