Corient Private Wealth LLC Has $601,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Corient Private Wealth LLC decreased its holdings in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,690 shares of the restaurant operator’s stock after selling 1,257 shares during the quarter. Corient Private Wealth LLC’s holdings in Restaurant Brands International were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacifica Partners Inc. raised its position 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 buying an additional 245 shares in the last quarter. Rise Advisors LLC raised its position 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 buying an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $30,000. Montag A & Associates Inc. acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $30,000. Finally, Fifth Third Bancorp raised its position 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 buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 1.2 %

NYSE:QSR opened at $70.85 on Thursday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The firm’s fifty day moving average is $72.37 and its 200-day moving average is $75.08. The firm has a market cap of $22.42 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.15 and a beta of 0.92.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Restaurant Brands International’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Restaurant Brands International Inc. will post 3.34 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.27%. Restaurant Brands International’s payout ratio is presently 59.79%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 246,196 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares in the company, valued at $44,783,579.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ali Hedayat sold 8,537 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the transaction, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

QSR has been the subject of several analyst reports. Evercore boosted their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Guggenheim upped their price objective on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. TD Securities upped their price objective on shares of Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. KeyCorp upped their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Truist Financial upped their price objective on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.18.

View Our Latest Stock Report on QSR

About Restaurant Brands International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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