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

Sigma Planning Corp cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

Several other institutional investors have also added to or reduced their stakes in QSR. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Restaurant Brands International by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator’s stock worth $14,127,000 after purchasing an additional 59,627 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Restaurant Brands International in the 4th quarter worth $3,703,000. Allspring Global Investments Holdings LLC lifted its stake in Restaurant Brands International by 248,359.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator’s stock worth $7,182,000 after purchasing an additional 91,893 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Restaurant Brands International in the 3rd quarter worth $5,619,000. Finally, Vanguard Group Inc. lifted its stake in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after purchasing an additional 203,594 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QSR. Scotiabank decreased their price target on shares of Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Royal Bank of Canada decreased their price target on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Citigroup decreased their price target on shares of Restaurant Brands International from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. TD Cowen restated a “buy” rating and set a $90.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Finally, Piper Sandler decreased their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $82.25.

Insider Activity

In other 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 transaction, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 $16,055,399.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 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 $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 380,200 shares of company stock worth $28,828,182. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $73.82 on Monday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market capitalization of $23.36 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.19 and a beta of 0.91. The company’s 50-day simple moving average is $76.72 and its two-hundred day simple moving average is $74.35. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29.

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 (EPS) 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 firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.38 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 20th. This is an increase 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%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

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.