Cadence Bank Increases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cadence Bank boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,423 shares of the restaurant operator’s stock after buying an additional 1,052 shares during the quarter. Cadence Bank’s holdings in Restaurant Brands International were worth $4,786,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BNP Paribas Financial Markets grew its stake in shares of Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 265 shares in the last quarter. HighTower Advisors LLC grew its position in Restaurant Brands International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 9,040 shares of the restaurant operator’s stock worth $658,000 after purchasing an additional 537 shares in the last quarter. Wellington Management Group LLP increased its stake in Restaurant Brands International by 112.1% in the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock valued at $1,298,000 after buying an additional 9,496 shares during the last quarter. MML Investors Services LLC increased its stake in Restaurant Brands International by 5.5% in the 3rd quarter. MML Investors Services LLC now owns 9,066 shares of the restaurant operator’s stock valued at $654,000 after buying an additional 476 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $1,851,000. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jeffrey Housman sold 14,593 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total transaction of $939,497.34. Following the completion of the sale, the insider now directly owns 142,986 shares in the company, valued at $9,205,438.68. The trade was a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction 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. The trade was a 24.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock valued at $17,740,281 in the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

QSR stock opened at $63.23 on Friday. The firm has a 50 day moving average of $65.18 and a 200-day moving average of $66.51. 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 firm has a market capitalization of $20.71 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on QSR shares. Barclays reduced their target price on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Truist Financial dropped their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup decreased their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.58.

About Restaurant Brands International

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.