Consolidated Capital Management LLC Sells 74,019 Shares of Restaurant Brands International Inc. $QSR

Consolidated Capital Management LLC reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 95.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,420 shares of the restaurant operator’s stock after selling 74,019 shares during the quarter. Consolidated Capital Management LLC’s holdings in Restaurant Brands International were worth $233,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Restaurant Brands International by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock valued at $1,090,684,000 after buying an additional 344,066 shares during the period. EdgePoint Investment Group Inc. grew its holdings in shares of Restaurant Brands International by 15.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after purchasing an additional 1,983,354 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Restaurant Brands International by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 5,505,861 shares of the restaurant operator’s stock valued at $353,284,000 after purchasing an additional 18,964 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Restaurant Brands International by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator’s stock valued at $365,279,000 after purchasing an additional 295,935 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on QSR shares. KeyCorp lifted their price target on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, April 20th. UBS Group boosted their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.54.

Restaurant Brands International Stock Up 0.5%

Shares of NYSE QSR opened at $74.70 on Friday. The company has a market capitalization of $25.94 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.53. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company’s 50 day moving average price is $76.77 and its 200-day moving average price is $72.24.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is presently 91.55%.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the transaction, the chief executive officer owned 960,769 shares in the company, valued at $72,105,713.45. The trade was a 17.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 40,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares in the company, valued at $2,664,924.66. The trade was a 52.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 350,000 shares of company stock worth $26,198,650 over the last ninety days. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.