Primecap Management Co. CA Has $7.06 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Primecap Management Co. CA decreased its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,300 shares of the restaurant operator's stock after selling 11,000 shares during the quarter. Primecap Management Co. CA's holdings in Restaurant Brands International were worth $7,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Summerhill Capital Management lnc. purchased a new position in shares of Restaurant Brands International in the 4th quarter worth $841,000. Baskin Financial Services Inc. increased its stake in Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Aviso Financial Inc. raised its holdings in shares of Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock worth $61,384,000 after purchasing an additional 37,241 shares during the period. Alberta Investment Management Corp grew its holdings in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator's stock worth $59,574,000 after purchasing an additional 6,000 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.29% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays reduced their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Citigroup increased their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Oppenheimer reduced their target price 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. 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 for the company in a report on Thursday, January 30th. One equities 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.08.

Restaurant Brands International Price Performance

NYSE:QSR traded up $0.09 during midday trading on Monday, hitting $67.09. 1,259,673 shares of the stock were exchanged, compared to its average volume of 1,711,714. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $80.02. The business has a 50-day moving average price of $64.25 and a two-hundred day moving average price of $67.24.

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 return on equity of 28.53% and a net margin of 12.15%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current 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 given a dividend of $0.62 per share. This is a positive change 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 3.70%. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Insider Transactions at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. This trade represents a 26.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company's stock, valued at $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock valued at $19,121,223 in the last quarter. Insiders own 1.36% of the company's stock.

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.