Kestra Private Wealth Services LLC Sells 191 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Kestra Private Wealth Services LLC reduced its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,202 shares of the restaurant operator’s stock after selling 191 shares during the period. Kestra Private Wealth Services LLC’s holdings in Restaurant Brands International were worth $406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QSR. SG Americas Securities LLC increased its holdings in shares of Restaurant Brands International by 223.3% in the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock valued at $379,000 after purchasing an additional 3,934 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Restaurant Brands International by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock valued at $1,903,000 after purchasing an additional 1,338 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Restaurant Brands International by 4.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock valued at $1,036,000 after purchasing an additional 693 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Restaurant Brands International by 16.1% in the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 878 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Restaurant Brands International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator’s stock valued at $127,816,000 after purchasing an additional 138,215 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on QSR shares. Evercore ISI boosted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Citigroup boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Piper Sandler reduced their target price on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, TD Cowen reissued a “buy” rating and issued a $84.00 target price on shares of Restaurant Brands International in a research report on Tuesday, April 30th. One 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.56.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 388,737 shares of company stock valued at $29,466,323. 1.25% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $74.30 on Wednesday. The business has a 50 day moving average of $76.52 and a 200-day moving average of $74.87. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The company has a market capitalization of $23.51 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.30 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is currently 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.