Gunderson Capital Management Inc. Sells 29,681 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Gunderson Capital Management Inc. cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 21.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,695 shares of the restaurant operator's stock after selling 29,681 shares during the quarter. Restaurant Brands International accounts for about 3.3% of Gunderson Capital Management Inc.'s portfolio, making the stock its 14th largest position. Gunderson Capital Management Inc.'s holdings in Restaurant Brands International were worth $7,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Restaurant Brands International in the first quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International in the 1st quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International during the first quarter valued at $59,000. BNP Paribas Financial Markets lifted its holdings in shares of Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock worth $89,000 after purchasing an additional 203 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Restaurant Brands International in the first quarter worth $94,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company's stock, valued at $6,866,420.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company's stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

QSR has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Truist Financial reduced their target price on Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Monday, August 19th. Guggenheim raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $86.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th. Finally, KeyCorp decreased their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $83.11.

Restaurant Brands International Stock Performance

NYSE:QSR traded up $0.66 during trading on Wednesday, reaching $70.49. The company's stock had a trading volume of 954,556 shares, compared to its average volume of 1,606,732. Restaurant Brands International Inc. has a 12 month low of $62.22 and a 12 month high of $83.29. The firm has a market cap of $22.33 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. The firm has a 50 day moving average of $70.15 and a 200-day moving average of $71.10. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.32 annualized dividend and a yield of 3.29%. Restaurant Brands International's payout ratio is 59.79%.

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.