Arkadios Wealth Advisors Has $3.08 Million Position in Restaurant Brands International Inc. $QSR

Arkadios Wealth Advisors grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 40.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,055 shares of the restaurant operator’s stock after buying an additional 13,920 shares during the period. Arkadios Wealth Advisors’ holdings in Restaurant Brands International were worth $3,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QSR. Steigerwald Gordon & Koch Inc. acquired a new stake in Restaurant Brands International during the third quarter worth about $29,000. Legend Financial Advisors Inc. bought a new stake in shares of Restaurant Brands International during the second quarter worth $33,000. CX Institutional lifted its position in shares of Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 464 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Restaurant Brands International in the 2nd quarter valued at $35,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Restaurant Brands International during the 2nd quarter worth about $36,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $68.07 on Thursday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The stock has a market cap of $23.57 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.49 and a beta of 0.59. The company’s fifty day moving average is $69.76 and its 200 day moving average is $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. Restaurant Brands International’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd were paid a $0.62 dividend. The ex-dividend date 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 is presently 88.26%.

Wall Street Analyst Weigh In

Several brokerages recently commented on QSR. Barclays raised their price objective on Restaurant Brands International from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Citigroup boosted their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Sanford C. Bernstein reissued an “overweight” rating and issued a $86.00 price objective on shares of Restaurant Brands International in a research report on Wednesday, January 7th. Scotiabank increased their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, December 2nd. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.57.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Peter Perdue sold 396 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total transaction of $26,706.24. Following the transaction, the insider owned 36,997 shares of the company’s stock, valued at $2,495,077.68. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline Friesner sold 816 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $55,031.04. Following the completion of the transaction, the insider directly owned 187,069 shares in the company, valued at approximately $12,615,933.36. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 145,508 shares of company stock worth $10,233,040. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International 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.