Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,887 shares of the restaurant operator’s stock after selling 803 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Restaurant Brands International were worth $555,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mather Group LLC. acquired a new position in Restaurant Brands International in the 1st quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International in the 1st quarter valued at $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Restaurant Brands International in the first quarter worth $59,000. Parallel Advisors LLC raised its holdings in shares of Restaurant Brands International by 24.1% during the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Restaurant Brands International during the fourth quarter worth $79,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on QSR. Piper Sandler lowered their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Genuity Capital Markets lowered their target price on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group began coverage on Restaurant Brands International in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price target for the company. Finally, TD Cowen reaffirmed a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.04.

Restaurant Brands International Trading Up 0.3 %

Shares of QSR opened at $69.15 on Friday. The firm’s fifty day moving average is $70.29 and its two-hundred day moving average is $72.33. The stock has a market cap of $21.91 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion for 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%. Research analysts forecast that Restaurant Brands International Inc. will post 3.36 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.58 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.36%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. 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.