Nichols & Pratt Advisers LLP MA Grows Stake in Restaurant Brands International Inc. (NYSE:QSR)

Nichols & Pratt Advisers LLP MA grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 23.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,128 shares of the restaurant operator’s stock after acquiring an additional 3,065 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Restaurant Brands International were worth $1,260,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QSR. Vanguard Group Inc. increased its stake in Restaurant Brands International by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after purchasing an additional 203,594 shares in the last quarter. CIBC Asset Management Inc lifted its position in Restaurant Brands International by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock valued at $290,287,000 after acquiring an additional 228,654 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Restaurant Brands International by 9.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator’s stock valued at $331,197,000 after purchasing an additional 357,394 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Restaurant Brands International by 0.7% in the 3rd quarter. Bank of Nova Scotia now owns 3,235,000 shares of the restaurant operator’s stock worth $215,429,000 after purchasing an additional 21,544 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 7.6% in the third quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator’s stock worth $197,157,000 after purchasing an additional 207,609 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 36,371 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at approximately $35,975,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the transaction, the director now directly owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The disclosure for this sale can be found here. Insiders sold 634,933 shares of company stock valued at $47,972,876 in the last three months. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

QSR traded down $1.19 during trading on Friday, hitting $72.41. 1,710,521 shares of the company traded hands, compared to its average volume of 1,504,030. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company has a market cap of $22.91 billion, a PE ratio of 18.97, a P/E/G ratio of 2.30 and a beta of 0.92. The stock’s 50-day simple moving average is $76.37 and its two-hundred day simple moving average is $74.85. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.20%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank increased their price objective on Restaurant Brands International from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Loop Capital raised their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. TD Securities boosted their price objective on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays raised their target price on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.56.

Restaurant Brands International Company Profile

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.