Alta Capital Management LLC Has $30.37 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Alta Capital Management LLC reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 465,964 shares of the restaurant operator’s stock after selling 846 shares during the period. Restaurant Brands International accounts for 1.8% of Alta Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Alta Capital Management LLC’s holdings in Restaurant Brands International were worth $30,372,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at approximately $32,000. IFP Advisors Inc raised its position in shares of 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 acquiring an additional 412 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the 3rd quarter valued at approximately $61,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 379,726 shares of company stock valued at $24,662,800 over the last ninety days. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Price Performance

NYSE:QSR opened at $64.79 on Tuesday. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a fifty day simple moving average of $63.41 and a 200 day simple moving average of $67.51. The stock has a market capitalization of $21.06 billion, a PE ratio of 20.37, a P/E/G ratio of 1.77 and a beta of 0.93.

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

Restaurant Brands International Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.83%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

QSR has been the topic of a number of analyst reports. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. KeyCorp cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays cut their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.33.

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.