Fiduciary Family Office LLC Makes New $1.11 Million Investment in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Fiduciary Family Office LLC acquired 16,668 shares of Restaurant Brands International Inc. (NYSE:QSR) valued at approximately $1.11 million in the first quarter.
• Insider Jacqueline Friesner sold 70,000 shares at an average price of $70.08, reducing her ownership by 27.68% to 182,897 shares.
• Restaurant Brands International announced a quarterly dividend of $0.62, with an annualized yield of 3.8% and a dividend payout ratio of 84.07%.

Fiduciary Family Office LLC bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,668 shares of the restaurant operator's stock, valued at approximately $1,111,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC raised its holdings in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the period. HM Payson & Co. acquired a new position in shares of Restaurant Brands International during the first quarter valued at about $26,000. Private Trust Co. NA raised its holdings in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the period. Larson Financial Group LLC raised its holdings in shares of Restaurant Brands International by 438.6% during the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 636 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Restaurant Brands International by 113.6% during the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares in the company, valued at approximately $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.25% of the company's stock.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded down $0.31 on Tuesday, reaching $64.83. 1,693,715 shares of the company traded hands, compared to its average volume of 2,497,672. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a 50 day moving average of $68.02 and a 200 day moving average of $66.53. The firm has a market capitalization of $21.25 billion, a PE ratio of 24.56, a PEG ratio of 2.02 and a beta of 0.58. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The business had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is presently 93.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on QSR. Morgan Stanley dropped their price objective on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a report on Monday, July 14th. Barclays decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday. UBS Group decreased their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada decreased their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $75.00.

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.