FIL Ltd Decreases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

FIL Ltd lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 38.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,747,306 shares of the restaurant operator's stock after selling 1,100,835 shares during the quarter. FIL Ltd owned about 0.54% of Restaurant Brands International worth $113,886,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in QSR. Venturi Wealth Management LLC raised its holdings in 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 position in Restaurant Brands International in the fourth quarter valued at $32,000. IFP Advisors Inc grew its holdings 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 purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth about $60,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $74,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. TD Securities restated a "hold" rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. 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. Robert W. Baird reduced their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, CIBC dropped their target price on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.63.

Restaurant Brands International Trading Up 0.0 %

QSR stock traded up $0.02 during midday trading on Monday, hitting $62.91. The stock had a trading volume of 272,838 shares, compared to its average volume of 1,836,317. The company's 50-day moving average price is $65.31 and its 200 day moving average price is $66.69. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $20.59 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 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%. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.94%. Restaurant Brands International's payout ratio is currently 77.99%.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the 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 completion of the sale, the chief financial officer now owns 235,228 shares of the company's stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction on Friday, February 21st. The shares were 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 owns 848,578 shares of the company's stock, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is currently owned by company insiders.

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.