Cutter & CO Brokerage Inc. Buys Shares of 3,751 Restaurant Brands International Inc. (NYSE:QSR)

Cutter & CO Brokerage Inc. acquired a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,751 shares of the restaurant operator's stock, valued at approximately $250,000.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Restaurant Brands International during the 4th quarter worth approximately $19,243,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Restaurant Brands International by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator's stock worth $319,000 after purchasing an additional 233 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Restaurant Brands International by 2.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,103 shares of the restaurant operator's stock valued at $919,000 after acquiring an additional 313 shares in the last quarter. Corient Private Wealth LLC raised its stake in Restaurant Brands International by 166.4% during the 4th quarter. Corient Private Wealth LLC now owns 20,475 shares of the restaurant operator's stock valued at $1,335,000 after acquiring an additional 12,789 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Restaurant Brands International by 3.2% during the 4th quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock valued at $436,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Performance

QSR traded down $0.41 on Friday, hitting $69.16. 842,041 shares of the stock traded hands, compared to its average volume of 2,541,959. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $22.67 billion, a PE ratio of 23.44, a P/E/G ratio of 2.01 and a beta of 0.58. The business has a fifty day moving average price of $68.56 and a two-hundred day moving average price of $65.75.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company's revenue for the quarter was up 21.3% on a year-over-year basis. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.59%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Monday. Bank of America lowered their price target on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday. Guggenheim lifted their price target on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Oppenheimer lifted their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Finally, CIBC decreased their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $75.65.

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.