Dorato Capital Management Takes Position in Restaurant Brands International Inc. $QSR

Dorato Capital Management bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 13,356 shares of the restaurant operator’s stock, valued at approximately $933,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nilsine Partners LLC increased its holdings in Restaurant Brands International by 5.1% during the 4th quarter. Nilsine Partners LLC now owns 14,887 shares of the restaurant operator’s stock worth $1,016,000 after purchasing an additional 721 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Restaurant Brands International by 1.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,306 shares of the restaurant operator’s stock valued at $4,022,000 after buying an additional 1,006 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of Restaurant Brands International by 1.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 118,082 shares of the restaurant operator’s stock worth $8,068,000 after buying an additional 1,782 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $206,000. Finally, Legacy Wealth Asset Management LLC raised its holdings in Restaurant Brands International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after acquiring an additional 161 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on QSR. Royal Bank Of Canada increased their target price on Restaurant Brands International from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Guggenheim increased their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $90.00 in a research note on Monday, March 2nd. Scotiabank decreased their price objective on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Finally, Citigroup dropped their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $79.19.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $76.71 on Friday. The firm’s fifty day simple moving average is $70.85 and its 200-day simple moving average is $69.18. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.18. The stock has a market capitalization of $26.63 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.13 and a beta of 0.51. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. Restaurant Brands International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were given a $0.65 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 3.4%. Restaurant Brands International’s payout ratio is presently 110.17%.

Insider Activity

In other news, insider Jill Granat sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the transaction, the insider owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 10,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total value of $754,100.00. Following the sale, the insider directly owned 78,560 shares of the company’s stock, valued at approximately $5,924,209.60. This represents a 11.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 455,191 shares of company stock worth $33,299,206 over the last quarter. 1.25% of the stock is owned by insiders.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.