Alta Capital Management LLC Has $30.37 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Alta Capital Management LLC reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 465,964 shares of the restaurant operator’s stock after selling 846 shares during the period. Restaurant Brands International comprises about 1.8% of Alta Capital Management LLC’s holdings, making the stock its 23rd largest position. Alta Capital Management LLC owned approximately 0.14% of Restaurant Brands International worth $30,372,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QSR. Summerhill Capital Management lnc. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at about $841,000. Baskin Financial Services Inc. increased its holdings in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after acquiring an additional 6,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at about $4,969,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QSR has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Oppenheimer lowered their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group lowered their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus target price of $77.33.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,726 shares of company stock worth $24,662,800. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $64.79 on Tuesday. 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 has a market capitalization of $21.06 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The business has a 50 day simple moving average of $63.41 and a 200 day simple moving average of $67.51.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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 return on equity of 28.53% and a net margin of 12.15%. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.83%. Restaurant Brands International’s payout ratio is presently 77.99%.

Restaurant Brands International 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.