Alta Capital Management LLC Sells 107,433 Shares of Restaurant Brands International Inc. $QSR

Alta Capital Management LLC lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,423 shares of the restaurant operator’s stock after selling 107,433 shares during the quarter. Alta Capital Management LLC’s holdings in Restaurant Brands International were worth $3,236,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its position in Restaurant Brands International by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock valued at $577,000 after buying an additional 154 shares during the period. Legacy Wealth Asset Management LLC grew its position in Restaurant Brands International by 2.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after buying an additional 161 shares during the period. Applied Finance Capital Management LLC grew its position in Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock valued at $644,000 after buying an additional 179 shares during the period. Asset Management One Co. Ltd. grew its position in Restaurant Brands International by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock valued at $3,967,000 after buying an additional 194 shares during the period. Finally, ASR Vermogensbeheer N.V. grew its position in Restaurant Brands International by 1.6% during the third quarter. ASR Vermogensbeheer N.V. now owns 13,583 shares of the restaurant operator’s stock valued at $872,000 after buying an additional 219 shares during the period. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Morgan Stanley increased their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research report on Friday, February 13th. Piper Sandler upgraded shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $84.00 in a research report on Monday, March 2nd. Finally, UBS Group increased their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus target price of $83.33.

Restaurant Brands International Trading Down 0.2%

Shares of Restaurant Brands International stock opened at $75.71 on Tuesday. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. The company has a market cap of $26.30 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.97 and a beta of 0.53. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The company’s 50-day moving average price is $76.41 and its 200-day moving average price is $71.73.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that Restaurant Brands International Inc. will post 4.06 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is presently 91.55%.

Insider Transactions at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the sale, the insider directly owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thiago T. Santelmo sold 10,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the sale, the insider directly owned 78,560 shares in the company, valued at approximately $5,924,209.60. The trade was a 11.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 441,490 shares of company stock valued at $32,375,140. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Company Profile

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.