Amundi Trims Stake in Restaurant Brands International Inc. (NYSE:QSR)

Amundi trimmed its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,518 shares of the restaurant operator's stock after selling 132,718 shares during the quarter. Amundi owned 0.06% of Restaurant Brands International worth $13,103,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Restaurant Brands International by 79.4% during the third 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 in the last quarter. Assetmark Inc. lifted its holdings in shares of Restaurant Brands International by 2.8% during the third quarter. Assetmark Inc. now owns 24,555 shares of the restaurant operator's stock valued at $1,771,000 after purchasing an additional 669 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International during the third quarter valued at $61,000. CIBC Asset Management Inc lifted its holdings in shares of Restaurant Brands International by 4.2% during the third quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator's stock valued at $215,448,000 after purchasing an additional 118,721 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Restaurant Brands International by 4.4% during the third quarter. Natixis Advisors LLC now owns 54,726 shares of the restaurant operator's stock valued at $3,947,000 after purchasing an additional 2,292 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, insider Thiago T. Santelmo sold 3,511 shares of the firm's 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 sale, the insider now directly owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % 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 Duncan Fulton sold 15,974 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the sale, the insider now directly owns 45,248 shares of the company's stock, valued at $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 287,726 shares of company stock valued at $18,269,723. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 0.5 %

Shares of NYSE:QSR traded up $0.32 during trading on Tuesday, hitting $67.83. The company had a trading volume of 1,201,470 shares, compared to its average volume of 1,715,740. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $81.27. The company has a fifty day simple moving average of $63.81 and a two-hundred day simple moving average of $67.28. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 3.66%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

QSR has been the topic of a number of research analyst reports. Citigroup upped their price target on Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Barclays lowered their price target on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their target price on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. 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 equities 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $77.33.

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.