Signaturefd LLC Acquires 1,389 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Signaturefd LLC grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,432 shares of the restaurant operator’s stock after acquiring an additional 1,389 shares during the period. Signaturefd LLC’s holdings in Restaurant Brands International were worth $503,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pacifica Partners Inc. raised its stake in shares of Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at $30,000. Fifth Third Bancorp raised its stake in shares of Restaurant Brands International by 209.0% during the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Restaurant Brands International by 219.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 686 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 471 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s 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 $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. 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. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $73.60 on Thursday. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.20 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The firm’s 50-day simple moving average is $76.84 and its two-hundred day simple moving average is $74.14.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. This represents a $2.32 annualized dividend and a yield of 3.15%. Restaurant Brands International’s payout ratio is currently 61.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on QSR shares. Evercore ISI lifted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Stephens reissued an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 13th. Guggenheim lifted their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Evercore lifted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus lifted their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $82.25.

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.