Guardian Partners Inc. Makes New $299,000 Investment in Restaurant Brands International Inc. (NYSE:QSR)

Guardian Partners Inc. bought a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,787 shares of the restaurant operator's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Restaurant Brands International during the 4th quarter worth approximately $32,000. IFP Advisors Inc increased its holdings in Restaurant Brands International by 183.9% during the 4th 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. Crewe Advisors LLC bought a new position in Restaurant Brands International in the 4th quarter valued at $74,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Restaurant Brands International by 74.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock valued at $86,000 after acquiring an additional 567 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

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Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now owns 703,445 shares of the company's stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 300,226 shares of company stock valued at $19,121,223 in the last quarter. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.7 %

Shares of Restaurant Brands International stock traded down $0.49 during trading hours on Tuesday, reaching $66.59. 1,635,513 shares of the company's stock were exchanged, compared to its average volume of 1,715,220. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a 50 day moving average of $64.37 and a two-hundred day moving average of $67.24. The stock has a market cap of $21.64 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $80.02.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS 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 paid a $0.62 dividend. 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 3.72%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QSR. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Oppenheimer reduced their price objective 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. Truist Financial reduced their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley cut their price objective 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. Finally, Citigroup lifted their target price 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. 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 company currently has an average rating of "Moderate Buy" and an average price target of $77.08.

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.