Stratos Wealth Partners LTD. Trims Position in Restaurant Brands International Inc. (NYSE:QSR)

Stratos Wealth Partners LTD. reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,155 shares of the restaurant operator’s stock after selling 3,444 shares during the period. Stratos Wealth Partners LTD.’s holdings in Restaurant Brands International were worth $410,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QSR. GeoWealth Management LLC lifted its position in Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 163 shares during the period. Capital Analysts LLC lifted its holdings in shares of Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 186 shares during the period. Dunhill Financial LLC boosted its stake in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Signaturefd LLC grew its holdings in Restaurant Brands International by 3.2% during the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock worth $436,000 after acquiring an additional 210 shares during the period. Finally, Guggenheim Capital LLC raised its position in Restaurant Brands International by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 226 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were 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 owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 0.1%

QSR stock opened at $67.27 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The firm has a 50-day moving average of $68.54 and a two-hundred day moving average of $65.69. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.99 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. Restaurant Brands International’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio is currently 84.07%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Robert W. Baird dropped their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Oppenheimer raised their target price on Restaurant Brands International from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, May 27th. Finally, CIBC cut their price target on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $76.39.

About Restaurant Brands International

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.