Strategic Wealth Partners Ltd. Sells 200 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Strategic Wealth Partners Ltd. cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,029 shares of the restaurant operator’s stock after selling 200 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Restaurant Brands International were worth $241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International in the first quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at $30,000. Montag A & Associates Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at $30,000. Fifth Third Bancorp increased its stake in shares of Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Restaurant Brands International in the first quarter worth about $48,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $70.15 on Friday. The stock has a fifty day moving average price of $69.83 and a 200-day moving average price of $73.74. The company has a market cap of $22.23 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.06 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Insider Activity

In related news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

QSR has been the subject of a number of research reports. KeyCorp lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Piper Sandler cut their price objective on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Truist Financial cut their target price on Restaurant Brands International from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Loop Capital boosted their target price on Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, TD Cowen restated a “buy” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.46.

Restaurant Brands International Company Profile

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.