Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,130 shares of the restaurant operator's stock after selling 9,288 shares during the quarter. LPL Financial LLC's holdings in Restaurant Brands International were worth $4,897,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth approximately $19,243,000. Arvest Bank Trust Division acquired a new position in shares of Restaurant Brands International during the third quarter worth $12,053,000. Geode Capital Management LLC increased its holdings in Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock valued at $101,085,000 after buying an additional 126,600 shares during the last quarter. Partners Capital Investment Group LLP acquired a new stake in Restaurant Brands International in the fourth quarter valued at $4,969,000. Finally, Bank of New York Mellon Corp lifted its holdings in Restaurant Brands International by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock worth $86,780,000 after buying an additional 68,456 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares of the company's stock, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 over the last 90 days. Company insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

QSR has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. CIBC dropped their price target on shares of 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. Truist Financial reduced their price objective on shares of 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. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a report on Friday, January 10th. Finally, Robert W. Baird cut their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $76.63.

Restaurant Brands International Stock Performance

Shares of QSR stock traded up $1.52 during mid-day trading on Friday, hitting $62.88. The stock had a trading volume of 3,355,321 shares, compared to its average volume of 1,842,453. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $77.24. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company's 50-day simple moving average is $65.31 and its 200-day simple moving average is $66.69. The firm has a market cap of $20.58 billion, a PE ratio of 19.77, a PEG ratio of 1.77 and a beta of 0.72.

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 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%. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, March 21st. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

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.