Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC increased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,818 shares of the restaurant operator’s stock after acquiring an additional 785 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Restaurant Brands International were worth $303,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Marshall Financial Group LLC grew its stake in Restaurant Brands International by 4.7% during the 1st quarter. Marshall Financial Group LLC now owns 23,933 shares of the restaurant operator’s stock valued at $1,901,000 after acquiring an additional 1,081 shares in the last quarter. Norden Group LLC purchased a new stake in Restaurant Brands International in the first quarter valued at approximately $875,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Restaurant Brands International during the first quarter worth $59,000. Allspring Global Investments Holdings LLC grew its stake in shares of Restaurant Brands International by 4.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 95,663 shares of the restaurant operator’s stock valued at $7,600,000 after buying an additional 3,733 shares in the last quarter. Finally, BKM Wealth Management LLC grew its position in Restaurant Brands International by 23.4% in the 1st quarter. BKM Wealth Management LLC now owns 5,740 shares of the restaurant operator’s stock valued at $456,000 after acquiring an additional 1,089 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

QSR traded up $0.75 during trading on Friday, hitting $73.82. The stock had a trading volume of 1,306,254 shares, compared to its average volume of 1,398,663. The firm has a market capitalization of $23.36 billion, a P/E ratio of 19.59, a PEG ratio of 2.16 and a beta of 0.91. The company’s 50-day moving average price is $76.72 and its 200 day moving average price is $74.21. 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 twelve month low of $61.77 and a twelve month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 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 transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International 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 completion of the sale, the chief executive officer now owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock valued at $28,828,182 in the last quarter. 1.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Royal Bank of Canada lowered their price objective on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. BMO Capital Markets upped their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Oppenheimer lifted their price target on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, Truist Financial dropped their price objective on shares of Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.