Commonwealth Equity Services LLC Sells 586 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Commonwealth Equity Services LLC lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,139 shares of the restaurant operator’s stock after selling 586 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Restaurant Brands International were worth $1,834,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI increased its stake in shares of Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares in the last quarter. Geode Capital Management LLC boosted its stake in Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Restaurant Brands International by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock worth $86,780,000 after buying an additional 68,456 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of Restaurant Brands International in the third quarter worth approximately $89,790,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $64.52 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95. The firm has a fifty day moving average price of $64.88 and a 200 day moving average price of $67.22. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its 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 return on equity of 28.53% and a net margin of 12.15%. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company lowered their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Finally, Citigroup upped their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $77.08.

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.