7,312 Shares in Restaurant Brands International Inc. $QSR Bought by Leonteq Securities AG

Leonteq Securities AG acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,312 shares of the restaurant operator’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. D.A. Davidson & CO. grew its holdings in Restaurant Brands International by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 154 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Restaurant Brands International by 2.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock worth $548,000 after acquiring an additional 161 shares during the period. Applied Finance Capital Management LLC grew its holdings in Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after acquiring an additional 179 shares during the period. Asset Management One Co. Ltd. grew its holdings in Restaurant Brands International by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock worth $3,967,000 after acquiring an additional 194 shares during the period. Finally, Cresset Asset Management LLC grew its holdings in Restaurant Brands International by 4.4% during the third quarter. Cresset Asset Management LLC now owns 5,336 shares of the restaurant operator’s stock worth $346,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity

In other Restaurant Brands International news, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the sale, the insider owned 162,077 shares in the company, valued at $11,909,417.96. This trade represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thiago T. Santelmo sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total value of $754,100.00. Following the sale, the insider owned 78,560 shares of the company’s stock, valued at approximately $5,924,209.60. This trade represents a 11.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 441,490 shares of company stock worth $32,375,140 over the last quarter. Corporate insiders own 1.25% of the company’s stock.

Key Headlines Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

Restaurant Brands International Stock Down 1.2%

Shares of NYSE:QSR opened at $75.36 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The stock’s fifty day simple moving average is $76.66 and its 200-day simple moving average is $71.97. The company has a market capitalization of $26.17 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.95 and a beta of 0.53.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 4.06 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

Analyst Ratings Changes

A number of brokerages recently weighed in on QSR. Scotia upped their price objective on Restaurant Brands International from $81.00 to $83.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Royal Bank Of Canada boosted their target price on Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. BMO Capital Markets decreased their target price on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Wells Fargo & Company boosted their target price on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Truist Financial boosted their target price on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $83.33.

Read Our Latest Report on QSR

Restaurant Brands International Profile

(Free Report)

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

See Also

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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