Marshall Wace LLP Grows Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Marshall Wace LLP raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3,356.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,035 shares of the restaurant operator's stock after buying an additional 434,102 shares during the quarter. Marshall Wace LLP owned about 0.14% of Restaurant Brands International worth $29,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after purchasing 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 worth approximately $32,000. IFP Advisors Inc boosted its position in shares of 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 acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $60,000. Finally, Crewe Advisors LLC bought a new stake in Restaurant Brands International in the fourth quarter worth $74,000. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.9 %

Shares of NYSE QSR traded down $0.54 during midday trading on Thursday, reaching $62.17. 370,930 shares of the company's stock traded hands, compared to its average volume of 1,843,050. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.77 and a beta of 0.72. The stock's 50 day simple moving average is $64.96 and its 200-day simple moving average is $66.27. 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 one year low of $58.71 and a one year high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released 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, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.62 per share. The ex-dividend date was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.99%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QSR. Oppenheimer dropped their price objective on shares of 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 Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective on the stock. in a research note on Friday, February 14th. CIBC lowered their price objective on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Finally, Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Moderate Buy" and a consensus target price of $76.25.

Insider Activity at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the sale, the insider now owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 in the last three months. 1.36% of the stock is owned by insiders.

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.