Strs Ohio Sells 26,347 Shares of Restaurant Brands International Inc. $QSR

Strs Ohio lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 73.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,409 shares of the restaurant operator’s stock after selling 26,347 shares during the quarter. Strs Ohio’s holdings in Restaurant Brands International were worth $604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in Restaurant Brands International in the third quarter worth $29,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Restaurant Brands International during the 2nd quarter worth about $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $36,000. Exchange Traded Concepts LLC bought a new stake in Restaurant Brands International in the 3rd quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Restaurant Brands International by 41.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,032 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 300 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on QSR shares. Morgan Stanley set a $77.00 price target on Restaurant Brands International in a report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Robert W. Baird boosted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $86.00 price objective on shares of Restaurant Brands International in a research note on Wednesday, January 7th. Finally, Scotiabank boosted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average price target of $77.05.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 816 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $55,031.04. Following the completion of the transaction, the insider directly owned 187,069 shares of the company’s stock, valued at $12,615,933.36. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Perdue sold 396 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total value of $26,706.24. Following the sale, the insider directly owned 36,997 shares of the company’s stock, valued at $2,495,077.68. The trade was a 1.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 145,508 shares of company stock worth $10,233,040. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $67.40 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The stock has a market cap of $23.34 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.59. The stock’s fifty day simple moving average is $69.68 and its two-hundred day simple moving average is $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

About Restaurant Brands International

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.