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Lebenthal Global Advisors LLC significantly bolstered its position in Restaurant Brands International (QSR) by 118.5% during the fourth quarter. The investment firm acquired an additional 15,096 shares, bringing its total holdings to 27,831 shares valued at approximately $1.899 million. This institutional accumulation coincides with the company's announcement to increase its quarterly dividend to $0.65 per share. The move signals a bullish stance on the fast-food giant, which currently maintains a 'Moderate Buy' consensus among market analysts. While some insider selling has been noted, the combination of dividend growth and institutional backing provides a positive outlook for the stock's performance. This strategic increase highlights growing confidence in the company's long-term value proposition within the global restaurant sector.
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