Magnus Financial Group LLC Makes New $202,000 Investment in Restaurant Brands International Inc. (NYSE:QSR)

Magnus Financial Group LLC bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,806 shares of the restaurant operator’s stock, valued at approximately $202,000.

Several other hedge funds have also added to or reduced their stakes in QSR. Mather Group LLC. bought a new position in shares of Restaurant Brands International during the first quarter valued at $25,000. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International during the first quarter valued at $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 valued at $89,000 after purchasing an additional 203 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Restaurant Brands International in the first quarter valued at about $94,000. 82.29% of the stock is owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on QSR shares. KeyCorp lowered their target price on Restaurant Brands International from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Truist Financial reduced their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Morgan Stanley reduced 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 report on Tuesday, July 16th. Guggenheim upped their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Bank of America upped their price target on Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.04.

Restaurant Brands International Price Performance

NYSE:QSR opened at $72.14 on Thursday. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.12 and a beta of 0.94. Restaurant Brands International Inc. has a 1 year low of $62.76 and a 1 year high of $83.29. The business has a 50 day simple moving average of $70.24 and a 200-day simple moving average of $70.82. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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 during the quarter, compared to analyst estimates of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Equities analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s payout ratio is 59.79%.

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.