70,570 Shares in Restaurant Brands International Inc. (NYSE:QSR) Bought by Consolidated Capital Management LLC

Consolidated Capital Management LLC acquired a new position 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 institutional investor acquired 70,570 shares of the restaurant operator's stock, valued at approximately $4,703,000. Restaurant Brands International makes up 2.0% of Consolidated Capital Management LLC's investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its position in shares of Restaurant Brands International by 30.0% in the 1st quarter. Raleigh Capital Management Inc. now owns 6,786 shares of the restaurant operator's stock worth $452,000 after buying an additional 1,568 shares during the period. HM Payson & Co. purchased a new stake in shares of Restaurant Brands International in the 1st quarter worth about $26,000. Nichols & Pratt Advisers LLP MA grew its position in shares of Restaurant Brands International by 33.2% in the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 35,868 shares of the restaurant operator's stock worth $2,391,000 after buying an additional 8,940 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of Restaurant Brands International in the 1st quarter worth about $721,000. Finally, Baskin Financial Services Inc. grew its position in Restaurant Brands International by 2.9% during the 1st quarter. Baskin Financial Services Inc. now owns 342,199 shares of the restaurant operator's stock valued at $22,809,000 after purchasing an additional 9,605 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on QSR. Morgan Stanley raised their price objective on shares of Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Truist Financial reduced their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced 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 note on Monday, May 5th. Robert W. Baird reduced their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company reduced 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 note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $75.68.

Restaurant Brands International Stock Performance

NYSE QSR traded up $0.30 on Tuesday, reaching $68.16. 1,827,948 shares of the stock were exchanged, compared to its average volume of 2,102,222. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $75.07. The firm has a market capitalization of $22.34 billion, a PE ratio of 23.11, a PEG ratio of 2.04 and a beta of 0.58. The company's 50-day simple moving average is $68.32 and its two-hundred day simple moving average is $65.63. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm 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%. Restaurant Brands International's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. Analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's payout ratio is currently 84.07%.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International 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 owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.36% of the stock is currently owned by insiders.

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.