Magnus Financial Group LLC Purchases Shares of 2,806 Restaurant Brands International Inc. (NYSE:QSR)

Magnus Financial Group LLC acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,806 shares of the restaurant operator’s stock, valued at approximately $219,000.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Restaurant Brands International by 6.7% in the fourth quarter. Russell Investments Group Ltd. now owns 117,574 shares of the restaurant operator’s stock valued at $9,229,000 after purchasing an additional 7,431 shares during the period. Syon Capital LLC lifted its position in Restaurant Brands International by 21.7% during the 4th quarter. Syon Capital LLC now owns 4,430 shares of the restaurant operator’s stock worth $346,000 after acquiring an additional 790 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Restaurant Brands International in the 4th quarter worth approximately $211,000. GAMMA Investing LLC purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at approximately $75,000. Finally, Aspire Private Capital LLC lifted its position in shares of Restaurant Brands International by 436.8% during the fourth quarter. Aspire Private Capital LLC now owns 11,075 shares of the restaurant operator’s stock worth $865,000 after purchasing an additional 9,012 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

NYSE QSR opened at $73.84 on Tuesday. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The business’s fifty day moving average is $76.65 and its two-hundred day moving average is $74.42. The stock has a market capitalization of $23.36 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.19 and a beta of 0.91. 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 (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. Restaurant Brands International’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.38 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.14%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated 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 transaction, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 over the last ninety days. Corporate insiders own 1.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on QSR. Scotiabank lifted their price target on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 13th. Evercore increased their target price on Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, TD Securities reduced their price objective on shares of Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.29.

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.