Boston Partners Sells 6,531 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Boston Partners reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,018 shares of the restaurant operator's stock after selling 6,531 shares during the period. Boston Partners' holdings in Restaurant Brands International were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in QSR. Venturi Wealth Management LLC boosted its position in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International in the 4th quarter valued at $32,000. IFP Advisors Inc boosted its holdings in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the 4th quarter valued at $74,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Restaurant Brands International by 74.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock worth $86,000 after purchasing an additional 567 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

QSR has been the topic of a number of recent research reports. Morgan Stanley cut their price target on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Truist Financial reduced their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Citigroup raised their target price on Restaurant Brands International from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and reduced their price target for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, TD Securities restated a "hold" rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average price target of $77.08.

Restaurant Brands International Stock Down 0.7 %

Restaurant Brands International stock traded down $0.49 during mid-day trading on Tuesday, reaching $66.59. The stock had a trading volume of 1,635,513 shares, compared to its average volume of 1,715,220. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $80.02. The stock's 50-day simple moving average is $64.49 and its 200-day simple moving average is $67.23. The firm has a market capitalization of $21.64 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS 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%. 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.72%. Restaurant Brands International's payout ratio is presently 77.99%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 93,619 shares of the 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 approximately $52,908,838.30. This represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock worth $19,121,223 in the last quarter. Insiders own 1.36% of the company's stock.

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.