GAMMA Investing LLC Trims Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

GAMMA Investing LLC lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 16.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,369 shares of the restaurant operator’s stock after selling 269 shares during the quarter. GAMMA Investing LLC’s holdings in Restaurant Brands International were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dunhill Financial LLC grew its position in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth about $32,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth about $60,000. Capital Analysts LLC grew its position in shares of Restaurant Brands International by 24.3% during the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 186 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $67.86 on Tuesday. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The firm has a market capitalization of $22.24 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.04 and a beta of 0.58. The stock has a 50 day moving average price of $68.32 and a 200 day moving average price of $65.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 84.07%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Oppenheimer increased their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. Truist Financial cut their price target on Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a report on Thursday, June 26th. JPMorgan Chase & Co. cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, UBS Group cut their price target on Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and an average target price of $75.68.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider directly owned 182,897 shares of the company’s stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is currently owned by company insiders.

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.