BKM Wealth Management LLC Increases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

BKM Wealth Management LLC lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,338 shares of the restaurant operator’s stock after buying an additional 261 shares during the quarter. BKM Wealth Management LLC’s holdings in Restaurant Brands International were worth $543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its stake in shares of Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 160 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares in the last quarter. D.A. Davidson & CO. lifted its position in Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the period. Finally, Arvest Investments Inc. lifted its position in shares of Restaurant Brands International by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 197 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. 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. Finally, Evercore ISI dropped their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.96.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $64.53 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.17 and a beta of 0.93. Restaurant Brands International Inc. has a 12 month low of $59.67 and a 12 month high of $83.29. The firm’s 50-day moving average is $64.24 and its 200 day moving average is $68.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Research analysts predict that Restaurant Brands International Inc. will post 3.3 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

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.