Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,331,392 shares of the restaurant operator's stock after purchasing an additional 68,456 shares during the period. Bank of New York Mellon Corp owned 0.41% of Restaurant Brands International worth $86,780,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Quartz Partners LLC grew its stake in shares of Restaurant Brands International by 5.0% during the 4th quarter. Quartz Partners LLC now owns 8,669 shares of the restaurant operator's stock valued at $565,000 after acquiring an additional 409 shares during the period. IFP Advisors Inc lifted its holdings in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 412 shares in the last quarter. Summerhill Capital Management lnc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth approximately $841,000. Waterfront Wealth Inc. increased its stake in shares of Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock worth $915,000 after purchasing an additional 180 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Restaurant Brands International by 7.3% during the 4th quarter. Private Advisor Group LLC now owns 3,828 shares of the restaurant operator's stock valued at $250,000 after purchasing an additional 261 shares during the period. Institutional investors own 82.29% of the company's stock.

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Restaurant Brands International Stock Up 0.3 %

Shares of QSR traded up $0.21 during midday trading on Thursday, hitting $66.85. 768,384 shares of the company's stock traded hands, compared to its average volume of 2,143,458. The firm's fifty day moving average is $63.43 and its 200-day moving average is $67.47. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. 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 (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed 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 of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.71%. Restaurant Brands International's payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Guggenheim raised Restaurant Brands International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. Citigroup increased their target price on Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. CIBC decreased their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company dropped their target price on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley cut their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $77.33.

Insider Buying and Selling

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares of the company's stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Granat sold 10,613 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now owns 388,759 shares of the company's stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 379,726 shares of company stock valued at $24,662,800. 1.36% of the stock is owned by company 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.