Arrowstreet Capital Limited Partnership Buys 715,754 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Arrowstreet Capital Limited Partnership increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 165.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,148,850 shares of the restaurant operator's stock after purchasing an additional 715,754 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.35% of Restaurant Brands International worth $74,802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after buying an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its holdings in shares of 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 buying an additional 412 shares during the last quarter. Crewe Advisors LLC bought a new position in Restaurant Brands International in the 4th quarter worth approximately $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 during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, insider Thiago T. Santelmo sold 3,511 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company's stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The stock was 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 approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on QSR. Oppenheimer decreased 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 report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. TD Securities reiterated a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. Truist Financial reduced their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their price target on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.33.

Restaurant Brands International Price Performance

QSR stock traded down $3.29 during trading on Friday, hitting $64.53. 2,514,434 shares of the stock traded hands, compared to its average volume of 1,785,913. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $77.64. 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 simple moving average of $65.38 and a 200 day simple moving average of $67.19.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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%. Equities analysts expect 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 will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is 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.