LPL Financial LLC Sells 22,132 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• LPL Financial LLC has decreased its holdings in Restaurant Brands International Inc. by 29.5%, selling 22,132 shares, and now possesses a total of 52,998 shares valued at approximately $3.53 million.
• Despite missing quarterly earnings estimates with earnings per share of $0.94, Restaurant Brands International reported a year-over-year revenue increase of 15.9% for the quarter, amounting to $2.41 billion.
• The company recently declared a quarterly dividend of $0.62 per share, with a dividend yield of 3.8% and a payout ratio of 93.94%.

LPL Financial LLC trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 29.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,998 shares of the restaurant operator's stock after selling 22,132 shares during the period. LPL Financial LLC's holdings in Restaurant Brands International were worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. HM Payson & Co. purchased a new stake in shares of Restaurant Brands International in the first quarter worth about $26,000. Dunhill Financial LLC lifted its position 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 worth $26,000 after buying an additional 200 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 438.6% in the first quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock worth $52,000 after buying an additional 636 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Restaurant Brands International by 113.6% in the first quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock worth $60,000 after buying an additional 476 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $65.35 on Friday. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The business has a fifty day moving average of $67.52 and a 200 day moving average of $66.55. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. Restaurant Brands International's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

Insider Activity at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group decreased their target price on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. CIBC decreased their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Guggenheim upped their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday. Oppenheimer upped their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Finally, Piper Sandler decreased their price objective on Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Hold" and a consensus price target of $75.04.

Restaurant Brands International Company 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.

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