Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Arvest Trust Co. N A

Arvest Trust Co. N A cut its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,223 shares of the restaurant operator’s stock after selling 5,855 shares during the period. Arvest Trust Co. N A owned about 0.05% of Restaurant Brands International worth $12,049,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Savoir Faire Capital Management L.P. purchased a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $2,463,000. Dimensional Fund Advisors LP increased its position in Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after buying an additional 10,855 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Restaurant Brands International by 1.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 627,157 shares of the restaurant operator’s stock valued at $44,133,000 after buying an additional 10,567 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in shares of Restaurant Brands International by 3.6% in the second quarter. Achmea Investment Management B.V. now owns 33,977 shares of the restaurant operator’s stock valued at $2,393,000 after acquiring an additional 1,185 shares during the period. Finally, Forsta AP Fonden grew its position in shares of Restaurant Brands International by 70.2% during the second quarter. Forsta AP Fonden now owns 118,300 shares of the restaurant operator’s stock worth $8,334,000 after acquiring an additional 48,800 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on QSR shares. Wells Fargo & Company reduced their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Genuity Capital Markets decreased their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Guggenheim raised their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Morgan Stanley reduced their price objective on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their target price on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average price target of $83.11.

Restaurant Brands International Stock Up 1.1 %

Restaurant Brands International stock opened at $69.92 on Tuesday. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock’s fifty day moving average is $70.28 and its two-hundred day moving average is $72.17.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Analysts predict that Restaurant Brands International Inc. will post 3.36 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.32%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

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.