Korea Investment CORP Sells 74,212 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Korea Investment CORP lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,347 shares of the restaurant operator's stock after selling 74,212 shares during the quarter. Korea Investment CORP's holdings in Restaurant Brands International were worth $10,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc increased its stake in shares of Restaurant Brands International by 183.9% in 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 during the last quarter. Crewe Advisors LLC acquired a new position in Restaurant Brands International during the fourth quarter valued at approximately $74,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Restaurant Brands International by 74.8% in the fourth 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 during the period. 82.29% of the stock is owned by institutional investors.

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Restaurant Brands International Stock Performance

Shares of NYSE QSR traded down $2.36 during mid-day trading on Friday, reaching $65.46. 560,879 shares of the company were exchanged, compared to its average volume of 1,778,433. The stock has a market capitalization of $21.42 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company's 50-day simple moving average is $65.38 and its 200-day simple moving average is $67.19. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $77.64.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued 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 return on equity of 28.53% and a net margin of 12.15%. As a group, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International's dividend payout ratio is currently 77.99%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $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. Over the last 90 days, insiders sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QSR shares. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer dropped 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. 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 report on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.33.

Restaurant Brands International Company 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.