Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 597,347 shares of the restaurant operator's stock after selling 19,004 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.18% of Restaurant Brands International worth $38,935,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock valued at $858,101,000 after buying an additional 421,873 shares during the last quarter. Norges Bank purchased a new stake in shares of Restaurant Brands International in the 4th quarter valued at $264,813,000. National Bank of Canada FI grew its holdings in 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 acquiring an additional 1,294,185 shares during the period. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock worth $123,137,000 after acquiring an additional 467,958 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Restaurant Brands International by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator's stock valued at $86,780,000 after purchasing an additional 68,456 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Morgan Stanley reduced their price objective 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. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Jefferies Financial Group lowered 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. Finally, Truist Financial dropped their target price 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.63.

Insiders Place Their Bets

In related news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the transaction, the insider now owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 18,477 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 $1,152,040.95. Following the completion of the sale, the chief financial officer now owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. This represents a 24.89 % 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 three months. 1.36% of the stock is owned by insiders.

Restaurant Brands International Price Performance

Shares of QSR traded down $0.42 on Thursday, reaching $61.40. The stock had a trading volume of 795,614 shares, compared to its average volume of 1,820,161. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $77.24. The firm has a market capitalization of $20.10 billion, a PE ratio of 19.22, a PEG ratio of 1.77 and a beta of 0.72. The firm has a 50-day moving average of $65.30 and a 200 day moving average of $66.83. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders 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 4.04%. The ex-dividend date was Friday, March 21st. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

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.