Lindbrook Capital LLC Sells 184 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Lindbrook Capital LLC reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 28.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465 shares of the restaurant operator’s stock after selling 184 shares during the period. Lindbrook Capital LLC’s holdings in Restaurant Brands International were worth $30,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 161 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after purchasing an additional 180 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Restaurant Brands International by 79.4% during the 3rd 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. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on QSR shares. CIBC cut their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. TD Securities reaffirmed a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Citigroup boosted their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Truist Financial dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.33.

Insider Activity at Restaurant Brands International

In other news, insider Duncan Fulton sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s 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 $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,339 shares of company stock worth $19,016,984. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Up 3.2 %

Shares of NYSE QSR opened at $69.65 on Friday. The stock has a market cap 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. The firm has a 50 day moving average price of $63.54 and a 200 day moving average price of $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 Inc. has a 52-week low of $59.67 and a 52-week high of $83.29.

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

Restaurant Brands International Increases Dividend

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

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.