Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,577,821 shares of the restaurant operator's stock after selling 26,092 shares during the quarter. TD Asset Management Inc. owned about 1.10% of Restaurant Brands International worth $233,078,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QSR. Vanguard Group Inc. lifted its position in Restaurant Brands International by 3.3% in the fourth 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 last quarter. Guardian Partners Inc. purchased a new stake in Restaurant Brands International in the 4th quarter worth about $299,000. American Century Companies Inc. lifted its stake in Restaurant Brands International by 3.4% in the fourth quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock worth $2,826,000 after purchasing an additional 1,428 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Restaurant Brands International by 4.4% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 82,711 shares of the restaurant operator's stock valued at $5,381,000 after buying an additional 3,511 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $586,000. 82.29% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Duncan Fulton sold 27,500 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the sale, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. The trade was a 44.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 300,226 shares of company stock valued at $19,121,223 over the last quarter. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Down 6.1 %

Shares of Restaurant Brands International stock traded down $4.22 during trading on Friday, reaching $64.52. The company's stock had a trading volume of 2,825,080 shares, compared to its average volume of 1,775,008. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $79.28. The company has a 50-day simple moving average of $64.88 and a two-hundred day simple moving average of $67.23. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results 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 return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.84%. Restaurant Brands International's payout ratio is 77.99%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target 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. Oppenheimer decreased their target price on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Barclays decreased their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.08.

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.