Consolidated Capital Management LLC Buys New Position in Restaurant Brands International Inc. (NYSE:QSR)

Consolidated Capital Management LLC purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 70,570 shares of the restaurant operator's stock, valued at approximately $4,703,000. Restaurant Brands International accounts for approximately 2.0% of Consolidated Capital Management LLC's investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also recently modified their holdings of the company. HM Payson & Co. bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $26,000. Dunhill Financial LLC lifted its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $32,000. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 255 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Restaurant Brands International by 113.6% during the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after acquiring an additional 476 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded down $0.91 on Wednesday, hitting $67.29. The company's stock had a trading volume of 2,632,697 shares, compared to its average volume of 2,106,033. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The firm has a fifty day moving average price of $68.41 and a 200-day moving average price of $65.65.

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 earnings per share (EPS) 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 firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research analyst reports. CIBC lowered their price target on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Oppenheimer boosted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Guggenheim boosted their price target on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Robert W. Baird lowered their target price on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 price target on the stock in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $75.82.

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.