First Trust Direct Indexing L.P. Invests $227,000 in Restaurant Brands International Inc. (NYSE:QSR)

First Trust Direct Indexing L.P. bought a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,910 shares of the restaurant operator’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also bought and sold shares of QSR. SG Americas Securities LLC boosted its position in shares of Restaurant Brands International by 223.3% during the 3rd quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 3,934 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Restaurant Brands International by 4.9% during the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock valued at $1,903,000 after acquiring an additional 1,338 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Restaurant Brands International by 4.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock worth $1,036,000 after purchasing an additional 693 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Restaurant Brands International by 16.1% during the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock worth $422,000 after purchasing an additional 878 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Restaurant Brands International by 29.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 120,304 shares of the restaurant operator’s stock worth $8,048,000 after purchasing an additional 27,637 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

QSR has been the topic of several research reports. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 13th. Loop Capital lifted their price target on Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Truist Financial increased their price objective on Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. KeyCorp lifted their target price on Restaurant Brands International from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, TD Cowen restated a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.56.

Restaurant Brands International Trading Down 1.3 %

Shares of QSR stock opened at $73.36 on Thursday. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company’s fifty day simple moving average is $76.52 and its two-hundred day simple moving average is $74.87. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.30 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s payout ratio is 59.79%.

Insider Activity

In related news, CEO Joshua Kobza sold 246,196 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Restaurant Brands International news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Insiders sold 634,933 shares of company stock worth $47,972,876 in the last three months. Corporate insiders own 1.25% of the company’s stock.

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.