Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 27.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 626,191 shares of the restaurant operator's stock after selling 238,573 shares during the period. Restaurant Brands International comprises 1.4% of Intact Investment Management Inc.'s portfolio, making the stock its 16th biggest position. Intact Investment Management Inc. owned about 0.19% of Restaurant Brands International worth $40,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International during the 4th quarter worth $32,000. IFP Advisors Inc increased its holdings in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 412 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Restaurant Brands International during the 3rd quarter worth $61,000. 82.29% of the stock is owned by institutional investors.

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Analyst Ratings Changes

QSR has been the topic of several research reports. Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. Truist Financial cut their price target on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup lifted their price target on Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $77.33.

Insider Activity at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the business'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 transaction, the insider now directly owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This represents a 44.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,726 shares of company stock worth $18,269,723. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Trading Up 0.5 %

Restaurant Brands International stock traded up $0.32 during trading on Tuesday, hitting $67.83. The company's stock had a trading volume of 1,201,470 shares, compared to its average volume of 1,715,740. The stock's fifty day moving average is $63.81 and its 200 day moving average is $67.28. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $81.27. The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of 21.33, a P/E/G 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 (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results 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 net margin of 12.15% and a return on equity of 28.53%. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is 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%.

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.