Allworth Financial LP Has $96,000 Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Allworth Financial LP reduced its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,527 shares of the restaurant operator’s stock after selling 224 shares during the period. Allworth Financial LP’s holdings in Restaurant Brands International were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital World Investors grew its stake in shares of Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after buying an additional 841,167 shares during the period. Vanguard Group Inc. lifted its stake in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after buying an additional 2,695,071 shares during the period. Norges Bank purchased a new stake in Restaurant Brands International in the fourth quarter worth about $264,813,000. Finally, Meritage Group LP lifted its stake in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after buying an additional 3,245,689 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares of the company’s stock, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Up 2.4%

Shares of NYSE:QSR opened at $69.60 on Friday. The stock’s 50-day moving average is $68.56 and its 200 day moving average is $65.75. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90. The company has a market cap of $22.81 billion, a PE ratio of 23.59, a P/E/G ratio of 2.01 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.79.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 84.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on QSR shares. UBS Group cut their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Truist Financial boosted their target price on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. dropped their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Oppenheimer increased their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. Finally, Citigroup reduced their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.