Bogart Wealth LLC Has $127,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Bogart Wealth LLC cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 98.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,761 shares of the restaurant operator’s stock after selling 130,175 shares during the quarter. Bogart Wealth LLC’s holdings in Restaurant Brands International were worth $127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International in the 1st quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $59,000. BNP Paribas Financial Markets raised its position in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares during the period. Central Pacific Bank Trust Division bought a new position in Restaurant Brands International during the 1st quarter worth approximately $94,000. Finally, Blue Trust Inc. grew its holdings in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QSR. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Piper Sandler lowered their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Guggenheim lifted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Stifel Nicolaus lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.15.

Restaurant Brands International Trading Down 1.8 %

Shares of NYSE:QSR opened at $72.17 on Friday. Restaurant Brands International Inc. has a 52-week low of $64.97 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The company has a market capitalization of $22.86 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a 50-day simple moving average of $70.37 and a 200 day simple moving average of $70.67.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

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.