Crewe Advisors LLC Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the first quarter, Holdings Channel reports. The institutional investor acquired 599 shares of the restaurant operator’s stock, valued at approximately $48,000.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 153 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Restaurant Brands International by 5.1% in the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 154 shares during the period. Assenagon Asset Management S.A. lifted its position in Restaurant Brands International by 3.6% during the first quarter. Assenagon Asset Management S.A. now owns 4,922 shares of the restaurant operator’s stock valued at $391,000 after purchasing an additional 170 shares during the period. Waldron Private Wealth LLC boosted its holdings in Restaurant Brands International by 4.5% in the fourth quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator’s stock valued at $365,000 after purchasing an additional 199 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Loop Capital boosted their price objective on Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. KeyCorp cut their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Piper Sandler dropped their target price on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Genuity Capital Markets reduced their price target on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Finally, Bank of America increased their price target on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.46.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 246,196 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Trading Up 0.1 %

Shares of QSR stock traded up $0.09 on Friday, hitting $68.66. The stock had a trading volume of 222,997 shares, compared to its average volume of 1,584,271. The company’s 50 day moving average price is $69.76 and its 200-day moving average price is $74.11. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a market capitalization of $21.75 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.06 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 21st were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.38%. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.

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.