abrdn plc Sells 96,430 Shares of Restaurant Brands International Inc. (NYSE:QSR)

abrdn plc lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,909 shares of the restaurant operator’s stock after selling 96,430 shares during the period. abrdn plc owned approximately 0.09% of Restaurant Brands International worth $20,932,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of QSR. Pacifica Partners Inc. increased its position in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC grew its position in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new position in Restaurant Brands International in the fourth quarter valued at about $30,000. Fifth Third Bancorp grew its position in Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Restaurant Brands International by 73,500.0% in the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 735 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, CEO Joshua Kobza sold 161,353 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider David Chan Shear sold 17,556 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joshua Kobza sold 161,353 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares of the company’s stock, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 over the last quarter. 1.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on QSR shares. Oppenheimer lifted their target price on Restaurant Brands International from $83.00 to $89.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Citigroup decreased their target price on Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Evercore ISI lifted their target price on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. One investment 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’s stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Restaurant Brands International Trading Up 1.4 %

Shares of QSR stock opened at $74.36 on Wednesday. The company has a market cap of $23.53 billion, a P/E ratio of 19.72, a PEG ratio of 2.15 and a beta of 0.91. The stock has a 50 day simple moving average of $76.90 and a two-hundred day simple moving average of $74.14. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Research analysts forecast that Restaurant Brands International Inc. will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.58 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.12%. Restaurant Brands International’s payout ratio is currently 61.54%.

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.