Gateway Investment Advisers LLC Has $2.84 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Gateway Investment Advisers LLC trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,637 shares of the restaurant operator's stock after selling 46,140 shares during the period. Gateway Investment Advisers LLC's holdings in Restaurant Brands International were worth $2,844,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock valued at $101,085,000 after acquiring an additional 126,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator's stock valued at $45,772,000 after purchasing an additional 10,855 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Restaurant Brands International by 112.1% in the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator's stock valued at $1,298,000 after purchasing an additional 9,496 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Restaurant Brands International by 36.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 600,000 shares of the restaurant operator's stock worth $42,270,000 after buying an additional 160,000 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $257,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on QSR shares. Wells Fargo & Company lowered their price target on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. KeyCorp dropped their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Finally, Citigroup boosted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.46.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 12,420 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 over the last 90 days. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Trading Up 0.0 %

QSR traded up $0.01 during mid-day trading on Friday, hitting $60.48. The stock had a trading volume of 1,492,815 shares, compared to its average volume of 1,261,844. The stock's fifty day simple moving average is $66.73 and its 200-day simple moving average is $69.13. The firm has a market capitalization of $19.59 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Restaurant Brands International Inc. has a 1-year low of $60.03 and a 1-year high of $83.29. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.84%. Restaurant Brands International's dividend payout ratio (DPR) is currently 58.15%.

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.