Outlook Wealth Advisors LLC Purchases 785 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Outlook Wealth Advisors LLC grew its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,818 shares of the restaurant operator’s stock after acquiring an additional 785 shares during the period. Outlook Wealth Advisors LLC’s holdings in Restaurant Brands International were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Marshall Financial Group LLC raised its position in Restaurant Brands International by 4.7% in the 1st quarter. Marshall Financial Group LLC now owns 23,933 shares of the restaurant operator’s stock valued at $1,901,000 after purchasing an additional 1,081 shares during the last quarter. Norden Group LLC bought a new position in shares of Restaurant Brands International in the first quarter valued at about $875,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Restaurant Brands International during the 1st quarter worth about $59,000. Allspring Global Investments Holdings LLC lifted its position in Restaurant Brands International by 4.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 95,663 shares of the restaurant operator’s stock worth $7,600,000 after buying an additional 3,733 shares in the last quarter. Finally, BKM Wealth Management LLC raised its stake in shares of Restaurant Brands International by 23.4% in the first quarter. BKM Wealth Management LLC now owns 5,740 shares of the restaurant operator’s stock worth $456,000 after acquiring an additional 1,089 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 1.0 %

QSR traded up $0.75 on Friday, hitting $73.82. 1,306,254 shares of the company were exchanged, compared to its average volume of 1,398,663. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The stock’s fifty day moving average is $76.72 and its 200-day moving average is $74.21. The company has a market cap of $23.36 billion, a PE ratio of 19.59, a PEG ratio of 2.16 and a beta of 0.91. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Restaurant Brands International Inc. will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost 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 is presently 61.54%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, 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 this link. 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 stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 471,746 shares in the company, valued at approximately $35,975,349.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QSR shares. Truist Financial lowered their target price on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. TD Securities lowered their price target on shares of Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Stephens reiterated an “equal weight” rating and set a $75.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 13th. Finally, Evercore ISI increased their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.