Alerus Financial NA Purchases 3,884 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Alerus Financial NA lifted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,301 shares of the restaurant operator's stock after buying an additional 3,884 shares during the period. Alerus Financial NA's holdings in Restaurant Brands International were worth $6,277,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of QSR. Norges Bank purchased a new stake in Restaurant Brands International during the 4th quarter worth approximately $264,813,000. Mufg Securities Canada LTD. grew its holdings in Restaurant Brands International by 75.7% during the 4th quarter. Mufg Securities Canada LTD. now owns 494,313 shares of the restaurant operator's stock worth $32,197,000 after acquiring an additional 213,035 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $299,000. Finally, American Century Companies Inc. lifted its position in shares of Restaurant Brands International by 3.4% during the fourth quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock worth $2,826,000 after purchasing an additional 1,428 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

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Restaurant Brands International Stock Performance

NYSE:QSR traded up $0.62 during mid-day trading on Tuesday, hitting $67.26. 381,227 shares of the company's stock traded hands, compared to its average volume of 1,773,316. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The firm has a 50 day moving average of $65.00 and a two-hundred day moving average of $67.20. 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 $59.67 and a 12 month high of $79.28.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted 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, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.69%. Restaurant Brands International's dividend payout ratio is 77.99%.

Analyst Ratings Changes

QSR has been the topic of several research reports. Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and cut their price objective for the company from $74.00 to $71.00 in a research note on Friday, January 24th. TD Securities reaffirmed a "hold" rating and set a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. 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. JPMorgan Chase & Co. lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Morgan Stanley lowered their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and an average price target of $77.08.

Insider Transactions at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares of the company's stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is owned by corporate insiders.

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.