Cwm LLC Has $147,000 Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cwm LLC decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,035 shares of the restaurant operator’s stock after selling 188 shares during the period. Cwm LLC’s holdings in Restaurant Brands International were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Capital World Investors grew its holdings in Restaurant Brands International by 1.1% in the 1st quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock valued at $3,393,264,000 after buying an additional 466,929 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares during the period. EdgePoint Investment Group Inc. grew its stake in shares of Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares in the last quarter. 1832 Asset Management L.P. increased its position in Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after acquiring an additional 773,783 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Restaurant Brands International by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after purchasing an additional 518,795 shares during the period. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on QSR shares. Piper Sandler lowered their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. TD Cowen restated a “buy” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research note on Thursday, September 12th. Truist Financial cut their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Morgan Stanley decreased their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Bank of America upped their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.15.

Insiders Place Their Bets

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s 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 transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on 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 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 insiders.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $72.17 on Friday. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a fifty-two week low of $64.97 and a fifty-two week high of $83.29. The firm’s 50-day simple moving average is $70.37 and its 200 day simple moving average is $70.67.

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 (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s payout ratio is currently 59.79%.

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.