Bennett Selby Investments LP Reduces Position in Restaurant Brands International Inc. (NYSE:QSR)

Bennett Selby Investments LP lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,315 shares of the restaurant operator’s stock after selling 334 shares during the period. Restaurant Brands International comprises approximately 0.8% of Bennett Selby Investments LP’s investment portfolio, making the stock its 23rd biggest position. Bennett Selby Investments LP’s holdings in Restaurant Brands International were worth $1,898,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QSR. Mather Group LLC. purchased a new position in shares of Restaurant Brands International during the first quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $59,000. BNP Paribas Financial Markets boosted its holdings in shares of Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $94,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Truist Financial lowered their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Morgan Stanley lowered their target price on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, TD Cowen restated a “buy” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Restaurant Brands International Trading Up 0.8 %

QSR stock opened at $70.81 on Friday. The company’s 50-day simple moving average is $70.18 and its 200-day simple moving average is $71.04. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 2.71. Restaurant Brands International Inc. has a 52-week low of $62.22 and a 52-week high of $83.29. The firm has a market cap of $22.92 billion, a P/E ratio of 17.75, a PEG ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Activity at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

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.