Nichols & Pratt Advisers LLP MA Has $1.76 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Nichols & Pratt Advisers LLP MA boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,928 shares of the restaurant operator’s stock after purchasing an additional 2,475 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Restaurant Brands International were worth $1,755,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake in shares of Restaurant Brands International by 3.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 160 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 179 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Restaurant Brands International by 1.3% in the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after purchasing an additional 180 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.1 %

Shares of NYSE:QSR opened at $65.24 on Friday. 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 company has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. 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 $63.44 and a two-hundred day moving average price of $67.60.

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 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%. Analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the business’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 $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 379,726 shares of company stock valued at $24,662,800 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on QSR shares. KeyCorp decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Oppenheimer dropped their target price 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 Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Finally, Citigroup raised their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and a consensus 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.