Bessemer Group Inc. Sells 9,210 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Bessemer Group Inc. lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 95.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 419 shares of the restaurant operator's stock after selling 9,210 shares during the period. Bessemer Group Inc.'s holdings in Restaurant Brands International were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $264,813,000. Arrowstreet Capital Limited Partnership raised its stake in Restaurant Brands International by 165.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock worth $74,802,000 after acquiring an additional 715,754 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Restaurant Brands International by 33.9% during the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock valued at $123,137,000 after acquiring an additional 467,958 shares during the period. Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth about $19,243,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.8 %

NYSE QSR traded down $0.49 on Thursday, hitting $62.21. 302,387 shares of the company were exchanged, compared to its average volume of 1,842,724. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.24. The company has a market cap of $20.38 billion, a PE ratio of 19.55, a PEG ratio of 1.77 and a beta of 0.72. The stock has a fifty day moving average of $64.96 and a 200-day moving average of $66.27. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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, 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 was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.62 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.99%. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is 77.99%.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 18,477 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the sale, the chief financial officer now directly owns 55,761 shares of the company's stock, valued at $3,476,698.35. This trade represents a 24.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at $52,908,838.30. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock worth $17,740,281 in the last quarter. 1.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Guggenheim raised their target price on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Truist Financial reduced their target price on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group lowered their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Finally, Morgan Stanley lowered their target price on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.25.

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.