9,261 Shares in Restaurant Brands International Inc. $QSR Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,261 shares of the restaurant operator’s stock, valued at approximately $594,000.

Several other hedge funds have also added to or reduced their stakes in QSR. Steigerwald Gordon & Koch Inc. bought a new position in shares of Restaurant Brands International during the third quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the 2nd quarter valued at about $35,000. Elevation Point Wealth Partners LLC bought a new position in Restaurant Brands International during the 2nd quarter worth approximately $36,000. Exchange Traded Concepts LLC purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Restaurant Brands International by 41.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 300 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

QSR opened at $70.35 on Wednesday. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $73.70. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.57 and a beta of 0.58. 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 company’s 50 day moving average is $69.27 and its 200 day moving average is $67.44.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QSR. Citigroup cut their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Finally, Scotiabank lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.95.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, Chairman J Patrick Doyle sold 43,597 shares of Restaurant Brands International stock in a transaction on Friday, November 21st. The shares were sold at an average price of $69.80, for a total value of $3,043,070.60. Following the sale, the chairman directly owned 193,855 shares in the company, valued at approximately $13,531,079. The trade was a 18.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 10,913 shares of Restaurant Brands International stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $773,404.31. Following the completion of the sale, the chief financial officer directly owned 10,609 shares in the company, valued at $751,859.83. This trade represents a 50.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 145,508 shares of company stock valued at $10,233,040. 1.25% of the stock is owned by corporate insiders.

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.