Westerkirk Capital Inc. Sells 12,900 Shares of Restaurant Brands International Inc. $QSR

Westerkirk Capital Inc. decreased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 93.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 890 shares of the restaurant operator’s stock after selling 12,900 shares during the period. Westerkirk Capital Inc.’s holdings in Restaurant Brands International were worth $61,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Baupost Group LLC MA raised its stake in Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Norges Bank acquired a new stake in Restaurant Brands International in the 4th quarter worth about $260,709,000. Capital World Investors raised its stake in Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. State Street Corp raised its stake in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Finally, EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the transaction, the insider owned 162,077 shares in the company, valued at $11,909,417.96. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 200,000 shares of Restaurant Brands International stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the completion of the transaction, the chief executive officer owned 960,769 shares of the company’s stock, valued at $72,105,713.45. The trade was a 17.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 350,000 shares of company stock valued at $26,198,650 in the last three months. 1.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on QSR. Barclays boosted their target price on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their target price on shares of Restaurant Brands International from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Oppenheimer boosted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. KeyCorp boosted their target price on shares of Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Finally, Truist Financial boosted their target price on shares of Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus target price of $83.54.

Restaurant Brands International Trading Up 1.7%

QSR opened at $72.74 on Wednesday. The company’s 50 day moving average price is $76.60 and its two-hundred day moving average price is $72.45. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm has a market capitalization of $25.27 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.85 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Restaurant Brands International’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is 91.55%.

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.