Kestra Private Wealth Services LLC Trims Stake in Restaurant Brands International Inc. (NYSE:QSR)

Kestra Private Wealth Services LLC reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Magnus Financial Group LLC purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at $219,000. Russell Investments Group Ltd. increased its holdings in shares of Restaurant Brands International by 6.7% in the 4th quarter. Russell Investments Group Ltd. now owns 117,574 shares of the restaurant operator’s stock valued at $9,229,000 after acquiring an additional 7,431 shares during the period. Syon Capital LLC increased its holdings in shares of Restaurant Brands International by 21.7% in the 4th quarter. Syon Capital LLC now owns 4,430 shares of the restaurant operator’s stock valued at $346,000 after acquiring an additional 790 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at $211,000. Finally, GAMMA Investing LLC purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at $75,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares in the company, valued at approximately $43,688,906.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Joshua Kobza sold 161,353 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the sale, the chief executive officer now directly owns 578,125 shares of the company’s stock, valued at approximately $43,688,906.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The disclosure for this sale can be found here. In the last three months, insiders sold 388,737 shares of company stock worth $29,466,323. Corporate insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QSR. Evercore boosted their target price on Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Guggenheim boosted their target price on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Loop Capital boosted their target price on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.56.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.30 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The business has a 50-day moving average price of $76.52 and a 200 day moving average price of $74.87. The firm has a market cap of $23.51 billion, a PE 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 announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share 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 firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Restaurant Brands International’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

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