K.J. Harrison & Partners Inc Sells 13,025 Shares of Restaurant Brands International Inc. (NYSE:QSR)

K.J. Harrison & Partners Inc cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,247 shares of the restaurant operator’s stock after selling 13,025 shares during the period. Restaurant Brands International comprises approximately 1.1% of K.J. Harrison & Partners Inc’s holdings, making the stock its 24th largest position. K.J. Harrison & Partners Inc’s holdings in Restaurant Brands International were worth $6,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Syon Capital LLC increased its position in Restaurant Brands International by 21.7% in the 4th quarter. Syon Capital LLC now owns 4,430 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 790 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in Restaurant Brands International in the 4th quarter valued at about $211,000. GAMMA Investing LLC bought a new stake in Restaurant Brands International in the 4th quarter valued at about $75,000. Aspire Private Capital LLC increased its position in Restaurant Brands International by 436.8% in the 4th quarter. Aspire Private Capital LLC now owns 11,075 shares of the restaurant operator’s stock valued at $865,000 after buying an additional 9,012 shares in the last quarter. Finally, CWM LLC increased its position in Restaurant Brands International by 33.3% in the 4th quarter. CWM LLC now owns 1,735 shares of the restaurant operator’s stock valued at $136,000 after buying an additional 433 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

NYSE QSR traded up $0.78 on Friday, hitting $73.85. 1,306,250 shares of the stock traded hands, compared to its average volume of 1,447,372. The business’s fifty day moving average is $76.72 and its two-hundred day moving average is $74.21. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.72 earnings per share. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.58 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 61.54%.

Insider Transactions at Restaurant Brands International

In other news, insider Jill Granat sold 80,332 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the transaction, the insider now directly owns 410,759 shares of the company’s stock, valued at $31,299,835.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $3,528,260.55. Following the sale, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Granat sold 80,332 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $76.20, for a total value of $6,121,298.40. Following the completion of the sale, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last three months. Company insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on QSR shares. TD Cowen reaffirmed a “buy” rating and issued a $90.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Truist Financial decreased their price objective on Restaurant Brands International from $89.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Guggenheim boosted their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. TD Securities decreased their price objective on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, ten have issued 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 price target of $82.25.

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.