Creative Planning Sells 901 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Creative Planning reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 61,139 shares of the restaurant operator’s stock after selling 901 shares during the quarter. Creative Planning’s holdings in Restaurant Brands International were worth $4,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QSR. Viking Fund Management LLC purchased a new position in Restaurant Brands International in the 3rd quarter worth $144,000. Gateway Investment Advisers LLC raised its position in Restaurant Brands International by 1.2% in the 3rd quarter. Gateway Investment Advisers LLC now owns 89,777 shares of the restaurant operator’s stock worth $6,475,000 after purchasing an additional 1,090 shares during the period. Royal Fund Management LLC raised its position in Restaurant Brands International by 157.2% in the 3rd quarter. Royal Fund Management LLC now owns 45,860 shares of the restaurant operator’s stock worth $3,307,000 after purchasing an additional 28,030 shares during the period. Artemis Investment Management LLP raised its position in Restaurant Brands International by 12.4% in the 3rd quarter. Artemis Investment Management LLP now owns 216,627 shares of the restaurant operator’s stock worth $15,623,000 after purchasing an additional 23,890 shares during the period. Finally, GAMMA Investing LLC raised its position in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the period. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer decreased their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday. Bank of America boosted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday. Truist Financial decreased their price objective on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.15.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on 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 directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 1.8 %

Shares of Restaurant Brands International stock opened at $72.17 on Friday. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company’s 50 day moving average is $70.37 and its 200 day moving average is $70.67. Restaurant Brands International Inc. has a twelve month low of $64.97 and a twelve month high of $83.29. 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 (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.05 billion. Research analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.