Hantz Financial Services Inc. Reduces Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Hantz Financial Services Inc. decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,871 shares of the restaurant operator’s stock after selling 167 shares during the quarter. Hantz Financial Services Inc.’s holdings in Restaurant Brands International were worth $1,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after acquiring an additional 179 shares during the period. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Arvest Investments Inc. increased its position in 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 purchasing an additional 197 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after purchasing an additional 210 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Sami A. Siddiqui sold 5,579 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 transaction of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the 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 completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 in the last ninety days. 1.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of research reports. Evercore ISI cut their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group reduced 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. Bank of America raised their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus reduced their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Finally, Argus lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $61.48 on Friday. The firm has a market capitalization of $19.95 billion, a PE ratio of 15.41, a P/E/G ratio of 2.10 and a beta of 0.94. The company has a 50 day moving average price of $65.49 and a 200-day moving average price of $68.60. Restaurant Brands International Inc. has a 52 week low of $59.85 and a 52 week 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.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

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.