Fiduciary Family Office LLC Boosts Stock Holdings in Restaurant Brands International Inc. $QSR

Fiduciary Family Office LLC grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 125.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,902 shares of the restaurant operator’s stock after buying an additional 12,176 shares during the period. Fiduciary Family Office LLC’s holdings in Restaurant Brands International were worth $1,405,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the third quarter valued at about $29,000. Legend Financial Advisors Inc. acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $33,000. CX Institutional grew its holdings in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Restaurant Brands International during the 2nd quarter worth approximately $35,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Restaurant Brands International during the 2nd quarter worth approximately $36,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman J Patrick Doyle sold 43,597 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the sale, the chairman directly owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. This represents a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Hedayat sold 7,000 shares of Restaurant Brands International stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the transaction, the director directly owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. This represents a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 145,508 shares of company stock valued at $10,233,040. 1.25% of the stock is owned by company insiders.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $68.35 on Friday. The stock has a market cap of $23.67 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The stock has a 50 day moving average of $69.80 and a 200-day moving average of $67.47. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, October 21st. Scotiabank upped their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Sanford C. Bernstein reiterated an “overweight” rating and issued a $86.00 price target on shares of Restaurant Brands International in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Restaurant Brands International has an average rating of “Hold” and an average target price of $76.57.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.