Sigma Planning Corp Has $514,000 Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Sigma Planning Corp lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,133 shares of the restaurant operator’s stock after selling 374 shares during the period. Sigma Planning Corp’s holdings in Restaurant Brands International were worth $514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% in 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. Crewe Advisors LLC bought a new stake in Restaurant Brands International in the 1st quarter valued at about $48,000. BNP Paribas Financial Markets boosted its holdings in Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the period. Blue Trust Inc. boosted its holdings in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. This represents a 26.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on QSR. KeyCorp cut their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Piper Sandler cut their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Argus cut their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Guggenheim upped 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. Finally, Oppenheimer cut their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.37.

Restaurant Brands International Trading Up 0.8 %

QSR opened at $68.48 on Friday. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a fifty day moving average of $70.12 and a 200-day moving average of $70.34. The stock has a market cap of $22.17 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

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.