Corient Private Wealth LLC Buys 12,789 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Corient Private Wealth LLC grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 166.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,475 shares of the restaurant operator's stock after buying an additional 12,789 shares during the quarter. Corient Private Wealth LLC's holdings in Restaurant Brands International were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI grew its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator's stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Restaurant Brands International by 282.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator's stock worth $105,707,000 after buying an additional 1,082,622 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after buying an additional 126,600 shares during the last quarter. Bank of New York Mellon Corp grew its position in Restaurant Brands International by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock valued at $86,780,000 after buying an additional 68,456 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Restaurant Brands International during the third quarter worth about $89,790,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial dropped 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. Citigroup raised their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Morgan Stanley cut their price target on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $74.00 to $71.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.08.

Insider Transactions at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the firm'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 completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Trading Down 6.1 %

QSR traded down $4.22 on Friday, hitting $64.52. 2,825,080 shares of the company were exchanged, compared to its average volume of 1,775,008. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 12 month low of $59.67 and a 12 month high of $79.28. The firm has a fifty day simple moving average of $64.88 and a two-hundred day simple moving average of $67.23. The stock has a market capitalization of $21.12 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

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 EPS 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%. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International's dividend payout ratio is currently 77.99%.

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.