6 days Ago By ABMN Staff
Alliancebernstein L.P. cut its holdings in Restaurant Brands International Inc.
( NYSE:QSR – Free Report ) (TSE:QSR) by 48.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,733 shares of the restaurant operator’s stock after selling 52,828 shares during the period.
Alliancebernstein L.P.’s holdings in Restaurant Brands International were worth $3,633,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in QSR. Venturi Wealth Management LLC grew its position in shares of Restaurant Brands International by 213.6% in the fourth quarter.
Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd.
acquired a new stake in Restaurant Brands International in the 4th quarter worth about $32,000. IFP Advisors Inc grew its holdings in Restaurant Brands International by 183.9% in the 4th quarter.
IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. Physician Wealth Advisors Inc. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at about $60,000.
Finally, Crewe Advisors LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter worth about $74,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
Restaurant Brands International Stock Up 0.1 % Shares of NYSE:QSR opened at $62.97 on Tuesday.
The firm has a market cap of $20.61 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.
77 and a beta of 0.72. The company has a fifty day simple moving average of $65.
32 and a 200 day simple moving average of $66.63. The company has a current ratio of 1.
02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.
Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.
24. Restaurant Brands International Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.
62 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58.
This represents a $2.48 annualized dividend and a dividend yield of 3.94%.
The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International’s dividend payout ratio is currently 77.99%.
Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Restaurant Brands International from $81.00 to $73.
00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Restaurant Brands International from $80.
00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Oppenheimer lowered their price target on Restaurant Brands International from $86.
00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Guggenheim raised their price objective on Restaurant Brands International from $71.
00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.
One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.
63. Read Our Latest Research Report on QSR Insiders Place Their Bets In other news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th.
The stock was sold at an average price of $68.12, for a total transaction of $851,500.00.
Following the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.
05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Duncan Fulton sold 15,974 shares of the business’s stock in a transaction that occurred on Friday, February 21st.
The shares were sold at an average price of $62.48, for a total value of $998,055.52.
Following the transaction, the insider now owns 45,248 shares of the company’s stock, valued at $2,827,095.04. This represents a 26.
09 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 278,716 shares of company stock valued at $17,740,281 over the last 90 days.
1.36% of the stock is owned by company insiders. Restaurant Brands International Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.
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