Janney Montgomery Scott LLC Has $386,000 Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Janney Montgomery Scott LLC cut its position in Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,256 shares of the restaurant operator’s stock after selling 500 shares during the period. Janney Montgomery Scott LLC’s holdings in Restaurant Brands International were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in shares of Restaurant Brands International by 0.6% during the second quarter. Crossmark Global Holdings Inc. now owns 32,393 shares of the restaurant operator’s stock worth $1,624,000 after purchasing an additional 200 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of Restaurant Brands International by 9.3% during the second quarter. McIlrath & Eck LLC now owns 2,513 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 213 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Restaurant Brands International by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock worth $536,000 after purchasing an additional 229 shares in the last quarter. Founders Capital Management LLC lifted its position in shares of Restaurant Brands International by 0.5% during the second quarter. Founders Capital Management LLC now owns 45,352 shares of the restaurant operator’s stock worth $2,274,000 after purchasing an additional 235 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Restaurant Brands International by 8.1% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,000 shares of the restaurant operator’s stock worth $201,000 after purchasing an additional 300 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 169,478 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total value of $11,488,913.62. Following the completion of the sale, the insider now owns 157,267 shares in the company, valued at $10,661,129.93. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Sami A. Siddiqui sold 15,000 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $67.03, for a total value of $1,005,450.00. Following the transaction, the insider now directly owns 125,860 shares of the company’s stock, valued at $8,436,395.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Chan Shear sold 169,478 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $67.79, for a total transaction of $11,488,913.62. Following the transaction, the insider now directly owns 157,267 shares in the company, valued at $10,661,129.93. The disclosure for this sale can be found here. Insiders sold a total of 237,234 shares of company stock worth $15,926,470 over the last quarter. 1.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

QSR has been the topic of a number of research reports. Cowen upped their target price on shares of Restaurant Brands International from $63.00 to $72.00 in a research report on Wednesday, January 18th. Royal Bank of Canada upped their target price on shares of Restaurant Brands International from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. OTR Global raised shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a research note on Monday, October 10th. Barclays upped their target price on shares of Restaurant Brands International from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Finally, Wells Fargo & Company began coverage on shares of Restaurant Brands International in a research note on Monday. They issued an “equal weight” rating and a $70.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and an average price target of $67.05.

Restaurant Brands International Stock Performance

Shares of QSR opened at $67.75 on Wednesday. Restaurant Brands International Inc. has a 12 month low of $46.68 and a 12 month high of $68.54. The firm has a fifty day simple moving average of $65.95 and a 200 day simple moving average of $60.13. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.32 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 3.26.

Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) last announced its earnings results on Thursday, November 3rd. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.80 by $0.16. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Restaurant Brands International had a net margin of 15.06% and a return on equity of 36.65%. Research analysts forecast that Restaurant Brands International Inc. will post 3.13 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 69.90%.

About Restaurant Brands International

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Restaurant Brands International, Inc is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.

Further Reading

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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