Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC reduced its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 9.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,265 shares of the restaurant operator’s stock after selling 525 shares during the period. Harbour Capital Advisors LLC’s holdings in Restaurant Brands International were worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital World Investors raised 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 during the period. Vanguard Group Inc. raised its holdings in Restaurant Brands International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after buying an additional 141,468 shares during the period. EdgePoint Investment Group Inc. raised its holdings in Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after buying an additional 536,124 shares during the period. 1832 Asset Management L.P. raised its holdings in Restaurant Brands International by 15.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after buying an additional 773,783 shares during the period. Finally, Mackenzie Financial Corp raised 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 buying an additional 518,795 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Piper Sandler cut their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Guggenheim boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. TD Cowen reiterated a “buy” rating and set a $82.00 price target on shares of Restaurant Brands International in a research note on Thursday, September 12th. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Bank of America upped their target price on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.04.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was 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 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 can be accessed through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International 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 transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $70.55 on Friday. Restaurant Brands International Inc. has a 12 month low of $64.35 and a 12 month high of $83.29. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The business has a 50 day simple moving average of $70.22 and a 200-day simple moving average of $70.77. The stock has a market capitalization of $22.35 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 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 analysts’ expectations of $2.05 billion. Equities analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, September 20th. 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.