Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3,356.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 447,035 shares of the restaurant operator’s stock after buying an additional 434,102 shares during the quarter. Marshall Wace LLP owned approximately 0.14% of Restaurant Brands International worth $29,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Restaurant Brands International in the fourth quarter valued at $264,813,000. Baupost Group LLC MA grew its position in shares of Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after acquiring an additional 2,873,406 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Restaurant Brands International by 165.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator’s stock valued at $74,802,000 after purchasing an additional 715,754 shares in the last quarter. Geode Capital Management LLC raised its holdings in Restaurant Brands International by 33.9% in the 4th quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator’s stock worth $123,137,000 after purchasing an additional 467,958 shares during the period. Finally, Vanguard Group Inc. boosted its position in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after purchasing an additional 421,873 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $63.23 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 firm has a market capitalization of $20.71 billion, a PE ratio of 19.88, a P/E/G ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The business’s fifty day moving average price is $65.10 and its two-hundred day moving average price is $66.44.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data 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 return on equity of 28.53% and a net margin of 12.15%. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.62 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, March 21st. Restaurant Brands International’s payout ratio is currently 77.99%.

Insider Buying and Selling

In other news, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sami A. Siddiqui sold 18,477 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the transaction, the chief financial officer now directly owns 55,761 shares in the company, valued at $3,476,698.35. This represents a 24.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 over the last 90 days. 1.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their price target 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. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Truist Financial dropped 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.58.

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.