Quadrant Capital Group LLC Sells 1,657 Shares of Restaurant Brands International Inc. $QSR

Quadrant Capital Group LLC lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 12.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,281 shares of the restaurant operator’s stock after selling 1,657 shares during the period. Quadrant Capital Group LLC’s holdings in Restaurant Brands International were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QSR. Legend Financial Advisors Inc. acquired a new position in Restaurant Brands International during the 2nd quarter worth about $33,000. CX Institutional raised its stake in shares of Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 260 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Restaurant Brands International by 49.3% during the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 200 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Restaurant Brands International during the first quarter valued at approximately $56,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 1.2%

Shares of Restaurant Brands International stock opened at $71.53 on Tuesday. The business has a fifty day simple moving average of $67.83 and a 200 day simple moving average of $67.24. The stock has a market cap of $23.45 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.13.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.26%.

Insider Activity at Restaurant Brands International

In related news, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the completion of the transaction, the chairman owned 193,855 shares in the company, valued at approximately $13,531,079. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Hedayat sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $72.77, for a total transaction of $509,390.00. Following the completion of the sale, the director directly owned 18,962 shares of the company’s stock, valued at $1,379,864.74. The trade was a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QSR shares. Sanford C. Bernstein set a $78.00 price target on shares of Restaurant Brands International in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Northcoast Research downgraded Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Argus cut Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Citigroup lifted their price objective on Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.76.

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.