Bogart Wealth LLC Lowers Stake in Restaurant Brands International Inc. (NYSE:QSR)

Bogart Wealth LLC lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 98.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,761 shares of the restaurant operator's stock after selling 130,175 shares during the quarter. Bogart Wealth LLC's holdings in Restaurant Brands International were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Restaurant Brands International during the first quarter valued at approximately $850,000. Oppenheimer & Co. Inc. boosted its position in Restaurant Brands International by 16.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator's stock valued at $5,913,000 after buying an additional 10,544 shares during the period. Russell Investments Group Ltd. grew its holdings in Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock worth $9,915,000 after acquiring an additional 7,196 shares during the last quarter. Norden Group LLC purchased a new position in shares of Restaurant Brands International in the first quarter valued at about $875,000. Finally, Cetera Investment Advisers raised its stake in shares of Restaurant Brands International by 63.7% during the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock valued at $3,245,000 after acquiring an additional 15,891 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. TD Cowen reissued a "buy" rating and set a $82.00 target price on shares of Restaurant Brands International in a research note on Thursday, September 12th. Morgan Stanley dropped their price target on Restaurant Brands International from $86.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Finally, Citigroup raised their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of "Moderate Buy" and an average price target of $83.15.

Insider Activity

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Axel Mr Schwan sold 36,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction that occurred 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 2.3 %

Shares of NYSE:QSR traded down $1.64 during trading on Friday, reaching $70.55. 953,838 shares of the stock traded hands, compared to its average volume of 1,583,647. The stock has a market cap of $22.35 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a 50-day moving average of $70.39 and a two-hundred day moving average of $70.68. Restaurant Brands International Inc. has a 52-week low of $64.97 and a 52-week high of $83.29.

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

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.29%. Restaurant Brands International's dividend payout ratio is presently 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.