Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Arvest Trust Co. N A

Arvest Trust Co. N A lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.3% in the second quarter, HoldingsChannel reports. The fund owned 171,223 shares of the restaurant operator’s stock after selling 5,855 shares during the quarter. Arvest Trust Co. N A’s holdings in Restaurant Brands International were worth $12,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 154 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Restaurant Brands International by 4.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 160 shares during the period. Assenagon Asset Management S.A. increased its position in Restaurant Brands International by 3.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 170 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity

In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective 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. Morgan Stanley lowered their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Genuity Capital Markets cut their price objective on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Truist Financial decreased their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Piper Sandler dropped their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Restaurant Brands International Trading Up 1.1 %

Restaurant Brands International stock opened at $69.92 on Tuesday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The firm’s 50-day moving average is $70.28 and its 200-day moving average is $72.17. The company has a market cap of $22.15 billion, a P/E ratio of 18.02, a PEG ratio of 2.08 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. On average, equities analysts expect that Restaurant Brands International Inc. will post 3.36 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s payout ratio is 59.79%.

About Restaurant Brands International

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.