Aigen Investment Management LP Reduces Stake in Restaurant Brands International Inc. (NYSE:QSR)

Aigen Investment Management LP cut its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 63.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,121 shares of the restaurant operator's stock after selling 17,584 shares during the quarter. Aigen Investment Management LP's holdings in Restaurant Brands International were worth $660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI boosted its position 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 valued at $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Holocene Advisors LP purchased a new position in Restaurant Brands International during the third quarter valued at $89,790,000. Point72 Asset Management L.P. boosted its holdings in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator's stock valued at $105,707,000 after buying an additional 1,082,622 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Restaurant Brands International by 848.9% in the 3rd quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator's stock worth $26,756,000 after buying an additional 331,880 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Restaurant Brands International by 16.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator's stock worth $159,251,000 after acquiring an additional 307,791 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 287,726 shares of company stock valued at $18,269,723 over the last 90 days. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded down $0.53 during trading on Monday, hitting $69.05. The company had a trading volume of 4,049,248 shares, compared to its average volume of 2,240,510. The stock has a 50 day simple moving average of $63.54 and a 200 day simple moving average of $67.39. The firm has a market capitalization of $22.44 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 12 month low of $59.67 and a 12 month high of $83.29.

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 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%. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share 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 $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.59%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International's payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent research reports. Citigroup lifted their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Stifel Nicolaus reduced their price target on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a report on Friday, January 10th. Truist Financial dropped their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective on the stock. in a research report on Friday, February 14th. Finally, TD Securities reaffirmed a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.