Lebenthal Global Advisors LLC Buys 15,096 Shares of Restaurant Brands International Inc. $QSR

Lebenthal Global Advisors LLC boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 118.5% in the 4th quarter, Holdings Channel reports. The firm owned 27,831 shares of the restaurant operator’s stock after acquiring an additional 15,096 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Restaurant Brands International were worth $1,899,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QSR. Steigerwald Gordon & Koch Inc. bought a new position in Restaurant Brands International in the 3rd quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Restaurant Brands International in the 4th quarter worth about $29,000. Exchange Traded Concepts LLC bought a new position in Restaurant Brands International in the 3rd quarter worth about $48,000. MassMutual Private Wealth & Trust FSB boosted its stake in Restaurant Brands International by 41.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 300 shares during the period. Finally, Cromwell Holdings LLC boosted its stake in Restaurant Brands International by 45.6% in the 3rd quarter. Cromwell Holdings LLC now owns 1,079 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 338 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $81.24 on Friday. The business has a 50 day moving average of $73.71 and a 200 day moving average of $70.55. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.26 and a beta of 0.51. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.54. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.Restaurant Brands International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 4.05 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a yield of 3.2%. Restaurant Brands International’s payout ratio is presently 110.17%.

Analyst Ratings Changes

QSR has been the subject of a number of research analyst reports. Citigroup lifted their price target on Restaurant Brands International from $76.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley lifted their price target on Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Truist Financial lifted their price target on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Scotiabank dropped their price target on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. dropped their price target on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.04.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 40,000 shares of Restaurant Brands International stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the transaction, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at $2,664,924.66. The trade was a 52.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Granat sold 25,000 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. Following the completion of the transaction, the insider directly owned 478,845 shares in the company, valued at $35,956,471.05. This trade represents a 4.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.