Royal Fund Management LLC Has $3.31 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Royal Fund Management LLC boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 157.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,860 shares of the restaurant operator’s stock after acquiring an additional 28,030 shares during the quarter. Royal Fund Management LLC’s holdings in Restaurant Brands International were worth $3,307,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Artemis Investment Management LLP lifted its position in shares of Restaurant Brands International by 12.4% during the third quarter. Artemis Investment Management LLP now owns 216,627 shares of the restaurant operator’s stock valued at $15,623,000 after purchasing an additional 23,890 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares during the period. SG Americas Securities LLC grew its stake in Restaurant Brands International by 25.8% in the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 631 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter valued at $792,000. Finally, Fiera Capital Corp boosted its holdings in shares of Restaurant Brands International by 6.5% in the 2nd quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator’s stock worth $247,955,000 after buying an additional 213,877 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR traded up $0.15 during trading hours on Wednesday, reaching $69.98. 35,950 shares of the company’s stock traded hands, compared to its average volume of 1,601,934. Restaurant Brands International Inc. has a 12 month low of $62.22 and a 12 month high of $83.29. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The stock has a market cap of $22.17 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. The firm’s 50 day simple moving average is $70.15 and its 200-day simple moving average is $71.10.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Equities analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.32%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Analyst Upgrades and Downgrades

Several brokerages have commented on QSR. Stifel Nicolaus lowered their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley decreased their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Truist Financial dropped their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, Wells Fargo & Company decreased their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $83.11.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

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.