First Trust Direct Indexing L.P. Has $318,000 Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

First Trust Direct Indexing L.P. raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 45.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,414 shares of the restaurant operator’s stock after purchasing an additional 1,373 shares during the period. First Trust Direct Indexing L.P.’s holdings in Restaurant Brands International were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International in the 1st quarter worth $48,000. BNP Paribas Financial Markets boosted its holdings in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Restaurant Brands International during the 1st quarter worth about $94,000. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 704 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $70.04 on Tuesday. Restaurant Brands International Inc. has a 52 week low of $65.75 and a 52 week high of $83.29. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.08 and a beta of 0.94. The company has a 50-day simple moving average of $70.27 and a 200 day simple moving average of $70.57. 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 (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’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 approximately $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

QSR has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of 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. Morgan Stanley lowered their price objective on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Oppenheimer dropped their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Citigroup upped their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Guggenheim lifted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.15.

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.