Consolidated Capital Management LLC Invests $4.70 Million in Restaurant Brands International Inc. (NYSE:QSR)

Consolidated Capital Management LLC acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 70,570 shares of the restaurant operator's stock, valued at approximately $4,703,000. Restaurant Brands International comprises 2.0% of Consolidated Capital Management LLC's investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp lifted its position in Restaurant Brands International by 231.5% during the 4th quarter. Jones Financial Companies Lllp now owns 3,753 shares of the restaurant operator's stock worth $245,000 after acquiring an additional 2,621 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International during the 4th quarter worth $32,000. Charles Schwab Investment Management Inc. lifted its position in Restaurant Brands International by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 747,862 shares of the restaurant operator's stock worth $48,719,000 after acquiring an additional 40,155 shares during the last quarter. Assetmark Inc. lifted its position in Restaurant Brands International by 9.1% during the 4th quarter. Assetmark Inc. now owns 26,792 shares of the restaurant operator's stock worth $1,746,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth $19,243,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the sale, the insider owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Performance

Shares of QSR stock traded down $0.75 during midday trading on Wednesday, hitting $67.45. 315,032 shares of the company were exchanged, compared to its average volume of 2,547,341. The firm has a market capitalization of $22.11 billion, a P/E ratio of 22.86, a PEG ratio of 2.01 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The firm's 50 day moving average price is $68.41 and its two-hundred day moving average price is $65.65. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07.

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

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Analyst Ratings Changes

A number of research firms have weighed in on QSR. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Citigroup cut their price objective on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price objective 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. Truist Financial upped their price objective on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, UBS Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $75.82.

Restaurant Brands International 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.