SG Americas Securities LLC Acquires 631 Shares of Restaurant Brands International Inc. (NYSE:QSR)

SG Americas Securities LLC lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 25.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,081 shares of the restaurant operator’s stock after purchasing an additional 631 shares during the period. SG Americas Securities LLC’s holdings in Restaurant Brands International were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bleakley Financial Group LLC increased its stake in shares of Restaurant Brands International by 5.1% in the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares during the period. First Horizon Advisors Inc. grew its position in Restaurant Brands International by 4.0% during the second quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after buying an additional 160 shares in the last quarter. BNP Paribas Financial Markets grew its position in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares in the last quarter. Chase Investment Counsel Corp grew its position in Restaurant Brands International by 5.2% during the first quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock worth $400,000 after buying an additional 247 shares in the last quarter. Finally, US Bancorp DE grew its position in Restaurant Brands International by 2.8% during the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after buying an additional 256 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QSR. Citigroup lifted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada lifted their target price on Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Morgan Stanley decreased their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Truist Financial decreased their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.15.

Insider Buying and Selling

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 $2,551,594.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Performance

QSR stock opened at $72.13 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The company has a 50 day moving average price of $70.31 and a 200 day moving average price of $70.65. Restaurant Brands International Inc. has a fifty-two week low of $64.91 and a fifty-two week high of $83.29. The stock has a market capitalization of $22.85 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.