Bank of New York Mellon Corp Acquires 68,456 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Bank of New York Mellon Corp increased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,331,392 shares of the restaurant operator’s stock after acquiring an additional 68,456 shares during the quarter. Bank of New York Mellon Corp’s holdings in Restaurant Brands International were worth $86,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QSR. First Horizon Advisors Inc. lifted its holdings in shares of Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after buying an additional 160 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares during the last quarter. Waterfront Wealth Inc. grew its position in shares of Restaurant Brands International by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after purchasing an additional 180 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

QSR stock opened at $65.24 on Monday. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. The business’s fifty day simple moving average is $63.44 and its two-hundred day simple moving average is $67.56. 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 (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data 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 net margin of 12.15% and a return on equity of 28.53%. Analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup increased their price target on Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. 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. CIBC reduced their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. TD Securities reaffirmed a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $77.33.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred 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 transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 379,726 shares of company stock valued at $24,662,800 in the last ninety days. Corporate insiders own 1.36% of the company’s stock.

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.