BKM Wealth Management LLC Sells 228 Shares of Restaurant Brands International Inc. $QSR

BKM Wealth Management LLC lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,164 shares of the restaurant operator’s stock after selling 228 shares during the period. BKM Wealth Management LLC’s holdings in Restaurant Brands International were worth $607,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. bought a new position in shares of Restaurant Brands International in the first quarter valued at approximately $26,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the second quarter valued at approximately $33,000. CX Institutional raised its stake in shares of Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares during the last quarter. Private Trust Co. NA raised its position in Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 255 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a research report on Friday, August 8th. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Melius initiated coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.21.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $67.38 on Friday. The firm has a fifty day moving average of $64.77 and a two-hundred day moving average of $66.31. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.93 and a beta of 0.65. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s payout ratio is presently 93.94%.

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.