Fmr LLC Has $465.83 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

FMR LLC trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,147,089 shares of the restaurant operator's stock after selling 589,350 shares during the quarter. FMR LLC owned 2.20% of Restaurant Brands International worth $465,832,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Restaurant Brands International in the 4th quarter valued at approximately $264,813,000. Arrowstreet Capital Limited Partnership boosted its stake in Restaurant Brands International by 165.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock worth $74,802,000 after buying an additional 715,754 shares during the last quarter. Geode Capital Management LLC increased its position in Restaurant Brands International by 33.9% during the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock worth $123,137,000 after purchasing an additional 467,958 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after buying an additional 421,873 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $19,243,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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Restaurant Brands International Trading Down 0.8 %

Shares of NYSE:QSR traded down $0.49 during mid-day trading on Tuesday, reaching $62.50. The stock had a trading volume of 354,093 shares, compared to its average volume of 1,836,088. The firm has a 50 day simple moving average of $65.32 and a two-hundred day simple moving average of $66.63. The firm has a market cap of $20.45 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $77.24. 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 (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.97%. 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%.

Analyst Ratings Changes

QSR has been the subject of a number of research reports. TD Securities reaffirmed a "hold" rating and set a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price target on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock 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. Guggenheim upped their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.63.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 18,477 shares of Restaurant Brands International 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 transaction, the chief financial officer now owns 55,761 shares in the company, valued at approximately $3,476,698.35. The trade was a 24.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. Insiders own 1.36% of the company's stock.

Restaurant Brands International 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.