Marshall Wace LLP Has $29.14 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Marshall Wace LLP increased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3,356.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 447,035 shares of the restaurant operator’s stock after acquiring an additional 434,102 shares during the period. Marshall Wace LLP’s holdings in Restaurant Brands International were worth $29,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its position in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after acquiring an additional 161 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Restaurant Brands International by 1.3% during the fourth 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 period. Wealth Enhancement Advisory Services LLC boosted its holdings in Restaurant Brands International by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 210 shares in the last quarter. Signaturefd LLC grew its stake in shares of Restaurant Brands International by 3.2% in the 4th quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock valued at $436,000 after purchasing an additional 210 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in shares of Restaurant Brands International by 7.0% in the 4th quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator’s stock worth $224,000 after buying an additional 226 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on QSR shares. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Guggenheim upped their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Robert W. Baird cut their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Jefferies Financial Group decreased 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 report on Thursday, January 30th. Finally, Truist Financial cut their price objective on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.58.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $63.23 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market cap of $20.71 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The stock’s fifty day simple moving average is $65.10 and its two-hundred day simple moving average is $66.44.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal 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 issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Insider Buying and Selling

In other news, insider Duncan Fulton sold 27,500 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at approximately $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 18,477 shares of the company’s 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 sale, the chief financial officer now directly owns 55,761 shares in the company, valued at $3,476,698.35. This trade represents a 24.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is owned by company insiders.

Restaurant Brands International 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.