Bogart Wealth LLC Sells 989 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Bogart Wealth LLC lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 56.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 772 shares of the restaurant operator’s stock after selling 989 shares during the quarter. Bogart Wealth LLC’s holdings in Restaurant Brands International were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Restaurant Brands International in the third quarter valued at about $61,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International in the fourth quarter valued at about $74,000. MassMutual Private Wealth & Trust FSB boosted its position in Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 567 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 768 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 2.8 %

Shares of NYSE:QSR opened at $64.53 on Friday. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $20.94 billion, a PE ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93. The company has a 50 day moving average price of $64.24 and a two-hundred day moving average price of $68.04.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Analysts forecast that Restaurant Brands International Inc. will post 3.3 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on QSR shares. TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday. Citigroup upped their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Finally, TD Securities reiterated a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $77.96.

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.