Envestnet Portfolio Solutions Inc. Cuts Stake in Restaurant Brands International Inc. (NYSE:QSR)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 62.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,346 shares of the restaurant operator's stock after selling 8,757 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Restaurant Brands International were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QSR. GeoWealth Management LLC lifted its stake in Restaurant Brands International by 7.0% during the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 163 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Restaurant Brands International by 24.3% during the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock worth $62,000 after purchasing an additional 186 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the period. Signaturefd LLC grew its holdings in shares of Restaurant Brands International by 3.2% in the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock valued at $436,000 after purchasing an additional 210 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Restaurant Brands International by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock valued at $224,000 after purchasing an additional 226 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on QSR. Morgan Stanley lifted their price objective on 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. Guggenheim lifted their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Finally, CIBC cut their price target on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. One 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.68.

Insider Transactions 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 that occurred on 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 directly owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded up $0.21 during trading on Wednesday, reaching $68.13. The company had a trading volume of 1,064,969 shares, compared to its average volume of 2,088,194. 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 Inc. has a twelve month low of $58.71 and a twelve month high of $75.07. The stock has a 50-day moving average price of $67.89 and a two-hundred day moving average price of $65.59. The stock has a market capitalization of $22.33 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.97 and a beta of 0.58.

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

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid 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 84.07%.

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.