Generali Asset Management SPA SGR Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

Generali Asset Management SPA SGR acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,992 shares of the restaurant operator's stock, valued at approximately $586,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its stake in shares of Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator's stock worth $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Holocene Advisors LP purchased a new position in Restaurant Brands International during the 3rd quarter worth $89,790,000. Point72 Asset Management L.P. lifted its stake in shares of Restaurant Brands International by 282.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator's stock worth $105,707,000 after acquiring an additional 1,082,622 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Restaurant Brands International by 848.9% in the third quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator's stock valued at $26,756,000 after acquiring an additional 331,880 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth about $19,243,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International 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 completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 300,226 shares of company stock valued at $19,121,223 over the last quarter. Company insiders own 1.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on QSR shares. Morgan Stanley lowered their price objective on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Oppenheimer decreased their price target on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Finally, 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 on the stock in a research note on Thursday, January 30th. 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $77.08.

Restaurant Brands International Trading Down 0.7 %

NYSE:QSR traded down $0.49 on Tuesday, reaching $66.59. The stock had a trading volume of 1,635,513 shares, compared to its average volume of 1,711,708. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $80.02. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.77 and a beta of 0.95. The firm's fifty day moving average is $64.37 and its two-hundred day moving average is $67.24. 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 (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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%. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.72%. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

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.