Sigma Planning Corp Sells 4,626 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Sigma Planning Corp trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,174 shares of the restaurant operator’s stock after selling 4,626 shares during the period. Sigma Planning Corp’s holdings in Restaurant Brands International were worth $248,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pacifica Partners Inc. lifted its stake in shares of Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International in the 4th quarter valued at $30,000. Fifth Third Bancorp lifted its stake in shares of Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 278 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 73,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 735 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Up 1.0 %

Shares of QSR stock opened at $73.82 on Monday. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. The firm has a market cap of $23.36 billion, a P/E ratio of 19.58, a PEG ratio of 2.19 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The company has a 50 day moving average of $76.72 and a 200-day moving average of $74.35.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $0.72 EPS. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.38 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.58 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s payout ratio is 61.54%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. TD Securities decreased their price target on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a report on Friday, April 12th. Piper Sandler cut their price objective on shares of Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Finally, Citigroup cut their price objective on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and an average target price of $82.25.

Insider Activity

In other news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the completion of the transaction, the insider now directly owns 410,759 shares in the company, valued at approximately $31,299,835.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Restaurant Brands International news, insider Jill Granat sold 80,332 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the sale, the insider now directly owns 410,759 shares of the company’s stock, valued at $31,299,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Dunnigan sold 46,701 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now directly owns 128,154 shares of the company’s stock, valued at $9,682,034.70. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 in the last three months. Corporate insiders own 1.25% 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.