Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. raised its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 75.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 494,313 shares of the restaurant operator's stock after purchasing an additional 213,035 shares during the period. Restaurant Brands International accounts for approximately 1.2% of Mufg Securities Canada LTD.'s portfolio, making the stock its 27th biggest holding. Mufg Securities Canada LTD. owned approximately 0.15% of Restaurant Brands International worth $32,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its stake 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at approximately $32,000. IFP Advisors Inc grew its position in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 412 shares during the period. Crewe Advisors LLC acquired a new stake in Restaurant Brands International during the fourth quarter worth $74,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Restaurant Brands International by 74.8% in the fourth 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 during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. CIBC decreased their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Truist Financial decreased their price target on 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. Oppenheimer dropped their price objective on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. TD Securities reissued a "hold" rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, TD Cowen downgraded Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research report on Friday, February 14th. One equities 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 stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average target price of $77.08.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 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 transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % 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 worth $19,121,223 in the last 90 days. 1.36% of the stock is owned by insiders.

Restaurant Brands International Stock Performance

QSR traded down $4.22 on Friday, reaching $64.52. The company had a trading volume of 2,825,080 shares, compared to its average volume of 1,775,008. The company has a quick ratio of 0.94, a current ratio of 1.02 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 $79.28. The stock has a market capitalization of $21.12 billion, a PE ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95. The stock has a 50-day moving average price of $64.88 and a 200-day moving average price of $67.23.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced 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 net margin of 12.15% and a return on equity of 28.53%. As a group, research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm 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 $0.62 dividend. 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. The ex-dividend date is Friday, March 21st. Restaurant Brands International's payout ratio is presently 77.99%.

Restaurant Brands International Company 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.