Oppenheimer & Co. Inc. Has $2.12 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Oppenheimer & Co. Inc. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 48.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,547 shares of the restaurant operator's stock after selling 30,839 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Restaurant Brands International were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Private Advisor Group LLC purchased a new stake in shares of Restaurant Brands International during the third quarter worth about $257,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Restaurant Brands International by 38.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 1,198 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Restaurant Brands International by 45.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,414 shares of the restaurant operator's stock worth $318,000 after purchasing an additional 1,373 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Restaurant Brands International by 19.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 3,735 shares of the restaurant operator's stock worth $292,000 after purchasing an additional 600 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI dropped their target price on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, January 10th. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. Finally, Barclays reduced their price objective on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $77.33.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded up $0.14 on Thursday, reaching $66.78. 768,384 shares of the company traded hands, compared to its average volume of 2,143,458. The stock has a market capitalization of $21.70 billion, a PE ratio of 21.02, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company's 50 day moving average is $63.43 and its 200-day moving average is $67.47. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.62 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Insider Activity

In related news, CFO Sami A. Siddiqui sold 5,579 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares of the company's stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 379,726 shares of company stock worth $24,662,800 over the last 90 days. 1.36% of the stock is owned by company insiders.

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.