Dana Investment Advisors Inc. Sells 5,306 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Dana Investment Advisors Inc. decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 168,825 shares of the restaurant operator’s stock after selling 5,306 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Restaurant Brands International were worth $11,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after buying an additional 154 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Restaurant Brands International by 4.0% in the second quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 160 shares during the last quarter. BNP Paribas Financial Markets grew its position in Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the period. Finally, Chase Investment Counsel Corp lifted its holdings in shares of Restaurant Brands International by 5.2% during the 1st quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock valued at $400,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

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

Restaurant Brands International Trading Up 1.2 %

Shares of Restaurant Brands International stock opened at $72.13 on Tuesday. 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 twelve month low of $61.77 and a twelve month high of $83.29. The business has a 50-day moving average price of $69.92 and a 200-day moving average price of $71.48. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.13 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share 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 company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Equities research analysts anticipate 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 will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.22%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Bank of America upped their price objective on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research report on Wednesday, July 17th. TD Cowen restated a “buy” rating and set a $82.00 target price on shares of Restaurant Brands International in a research report on Thursday, September 12th. Piper Sandler decreased their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.11.

Restaurant Brands International 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.