Alta Capital Management LLC Has $9.32 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Alta Capital Management LLC lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 70.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,854 shares of the restaurant operator's stock after selling 326,110 shares during the period. Alta Capital Management LLC's holdings in Restaurant Brands International were worth $9,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors increased its holdings in shares of Restaurant Brands International by 2.0% during the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares in the last quarter. Vanguard Group Inc. grew its position in Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Norges Bank purchased a new position in shares of Restaurant Brands International in the fourth quarter worth $264,813,000. Finally, Meritage Group LP lifted its stake in shares of Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after buying an additional 3,245,689 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider now directly owns 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.0%

Shares of NYSE QSR traded down $0.01 on Friday, hitting $66.09. The company had a trading volume of 1,823,949 shares, compared to its average volume of 1,927,367. The firm has a market capitalization of $21.66 billion, a P/E ratio of 22.40, a PEG ratio of 1.96 and a beta of 0.61. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $75.07. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The business has a 50 day moving average of $67.48 and a two-hundred day moving average of $65.80.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.73 EPS. Restaurant Brands International's quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price target on the stock in a research note on Wednesday. UBS Group cut their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Guggenheim raised their price objective on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Oppenheimer upped their target price on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $75.68.

About Restaurant Brands International

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.