Capital Research Global Investors Trims Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Capital Research Global Investors trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,261,388 shares of the restaurant operator's stock after selling 8,941,977 shares during the quarter. Capital Research Global Investors owned about 3.47% of Restaurant Brands International worth $734,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QSR. Venturi Wealth Management LLC increased its position in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International in the fourth quarter worth about $32,000. IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $60,000. Finally, Crewe Advisors LLC acquired a new stake in Restaurant Brands International in the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

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

Restaurant Brands International Stock Down 1.9 %

NYSE:QSR traded down $1.19 during mid-day trading on Wednesday, hitting $62.68. The stock had a trading volume of 1,902,946 shares, compared to its average volume of 1,848,787. 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 Inc. has a twelve month low of $58.71 and a twelve month high of $77.24. The company has a market capitalization of $20.54 billion, a PE ratio of 19.71, a PEG ratio of 1.77 and a beta of 0.72. The stock has a 50-day simple moving average of $65.00 and a two-hundred day simple moving average of $66.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its 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 return on equity of 28.53% and a net margin of 12.15%. On average, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.62 dividend. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QSR. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. CIBC lowered their target price on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday. Truist Financial dropped their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group decreased their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average price target of $76.25.

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.