Metis Global Partners LLC Increases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Metis Global Partners LLC lifted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,941 shares of the restaurant operator’s stock after acquiring an additional 415 shares during the quarter. Metis Global Partners LLC’s holdings in Restaurant Brands International were worth $843,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Summerhill Capital Management lnc. bought a new stake in Restaurant Brands International in the fourth quarter worth about $841,000. Baskin Financial Services Inc. lifted its stake in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares during the last quarter. Geode Capital Management LLC grew its position in Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP bought a new position in Restaurant Brands International in the 4th quarter valued at $4,969,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of recent analyst reports. TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Truist Financial lowered their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. 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, Wells Fargo & Company lowered their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.33.

Restaurant Brands International Stock Up 0.9 %

Restaurant Brands International stock opened at $65.43 on Wednesday. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The business has a fifty day moving average price of $63.41 and a 200-day moving average price of $67.47. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is currently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 388,759 shares in the company, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 27,500 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares of the company’s stock, valued at approximately $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 379,726 shares of company stock worth $24,662,800. 1.36% of the stock is owned by corporate insiders.

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.