Allspring Global Investments Holdings LLC Grows Position in Restaurant Brands International Inc. (NYSE:QSR)

Allspring Global Investments Holdings LLC grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 248,359.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,930 shares of the restaurant operator’s stock after buying an additional 91,893 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Restaurant Brands International were worth $7,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QSR. International Assets Investment Management LLC acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $5,634,000. Bleakley Financial Group LLC acquired a new stake in Restaurant Brands International during the 4th quarter worth about $238,000. Wakefield Asset Management LLLP raised its stake in shares of Restaurant Brands International by 5.0% during the 4th quarter. Wakefield Asset Management LLLP now owns 5,660 shares of the restaurant operator’s stock valued at $442,000 after buying an additional 271 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Restaurant Brands International by 1.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 40,156 shares of the restaurant operator’s stock valued at $3,113,000 after buying an additional 573 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Restaurant Brands International by 20.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,647 shares of the restaurant operator’s stock worth $597,000 after buying an additional 1,318 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $70.73 on Thursday. The business’s fifty day simple moving average is $77.24 and its 200-day simple moving average is $73.83. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The firm has a market cap of $22.38 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that Restaurant Brands International Inc. will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.28%. The ex-dividend date was Wednesday, March 20th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s dividend payout ratio (DPR) is 61.54%.

Analysts Set New Price Targets

QSR has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Tuesday. BMO Capital Markets lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Evercore ISI raised their target price on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Oppenheimer upped their price target on Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus increased their target price on Restaurant Brands International from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Insider Buying and Selling at Restaurant Brands International

In related news, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the sale, the chief executive officer now owns 471,746 shares in the company, valued at approximately $35,975,349.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at approximately $35,975,349.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the completion of the transaction, the insider now owns 410,759 shares of the company’s stock, valued at approximately $31,299,835.80. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last quarter. 1.25% of the stock is owned by company insiders.

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.