Kendall Capital Management Cuts Stake in Restaurant Brands International Inc. (NYSE:QSR)

Kendall Capital Management cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,005 shares of the restaurant operator’s stock after selling 335 shares during the period. Kendall Capital Management’s holdings in Restaurant Brands International were worth $782,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QSR. Wealth Enhancement Advisory Services LLC grew its stake in shares of Restaurant Brands International by 38.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock valued at $310,000 after acquiring an additional 1,198 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Restaurant Brands International during the third quarter valued at about $313,000. Assetmark Inc. grew its stake in shares of Restaurant Brands International by 2.8% during the third quarter. Assetmark Inc. now owns 24,555 shares of the restaurant operator’s stock valued at $1,771,000 after acquiring an additional 669 shares in the last quarter. Finally, Arvest Investments Inc. grew its stake in shares of Restaurant Brands International by 1.1% during the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 197 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

NYSE QSR opened at $69.65 on Friday. The stock has a market capitalization of $22.64 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The business’s fifty day moving average is $63.54 and its two-hundred day moving average is $67.43. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.56%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 298,339 shares of company stock worth $19,016,984. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

QSR has been the subject of a number of research reports. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Friday, February 14th. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial decreased their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Citigroup lifted their target price on Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group decreased their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.33.

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.