Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Spartan Fund Management Inc.

Spartan Fund Management Inc. lessened its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 40.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the restaurant operator’s stock after selling 2,000 shares during the period. Spartan Fund Management Inc.’s holdings in Restaurant Brands International were worth $216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC boosted its position in Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 160 shares in the last quarter. BNP Paribas Financial Markets raised its position in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 203 shares during the period. Chase Investment Counsel Corp lifted its stake in Restaurant Brands International by 5.2% in the 1st quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock valued at $400,000 after buying an additional 247 shares in the last quarter. Finally, US Bancorp DE increased its stake in Restaurant Brands International by 2.8% during the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock traded down $0.46 during midday trading on Tuesday, reaching $72.29. 445,829 shares of the company traded hands, compared to its average volume of 1,582,640. The firm’s 50 day simple moving average is $70.28 and its two-hundred day simple moving average is $70.67. The firm has a market cap of $22.90 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. Restaurant Brands International Inc. has a 1-year low of $64.91 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The business 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 research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors 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 3.21%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s payout ratio is 59.79%.

Insider Buying and Selling

In other news, insider Axel Mr Schwan sold 36,000 shares of the firm’s 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 sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 $6,866,420.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

QSR has been the topic of several recent research reports. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. KeyCorp lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday. Truist Financial decreased their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 19th. Finally, Oppenheimer cut their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.15.

Restaurant Brands International 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.