SBI Securities Co. Ltd. Invests $32,000 in Restaurant Brands International Inc. (NYSE:QSR)

SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 494 shares of the restaurant operator’s stock, valued at approximately $32,000.

Several other institutional investors also recently bought and sold shares of QSR. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Assetmark Inc. raised its stake in Restaurant Brands International by 2.8% in the 3rd quarter. Assetmark Inc. now owns 24,555 shares of the restaurant operator’s stock worth $1,771,000 after acquiring an additional 669 shares during the last quarter. Entropy Technologies LP acquired a new stake in Restaurant Brands International during the 3rd quarter worth about $2,004,000. Cumberland Partners Ltd purchased a new stake in Restaurant Brands International during the 3rd quarter valued at about $231,000. Finally, MQS Management LLC acquired a new position in shares of Restaurant Brands International in the third quarter valued at about $402,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

QSR stock opened at $66.68 on Thursday. 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 business has a 50 day simple moving average of $63.71 and a 200-day simple moving average of $67.36. The firm has a market capitalization of $21.67 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29.

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

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.72%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Insider Buying and Selling

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,726 shares of company stock worth $18,269,723. Company insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of recent research reports. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial reduced their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer lowered their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Securities reiterated a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group lowered their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.33.

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.