Townsquare Capital LLC Sells 10,138 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Townsquare Capital LLC reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,422 shares of the restaurant operator's stock after selling 10,138 shares during the period. Townsquare Capital LLC's holdings in Restaurant Brands International were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the fourth quarter worth $32,000. IFP Advisors Inc lifted its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter valued at $60,000. Finally, Crewe Advisors LLC bought a new stake in Restaurant Brands International during the 4th quarter worth $74,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Restaurant Brands International 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 transaction of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares of the company's stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock worth $17,740,281 over the last quarter. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on QSR. Jefferies Financial Group dropped their target price on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Barclays dropped 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. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, January 10th. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.25.

Restaurant Brands International Stock Up 1.7 %

Shares of Restaurant Brands International stock traded up $1.04 during trading on Tuesday, reaching $63.86. 2,115,402 shares of the company traded hands, compared to its average volume of 1,845,799. The firm has a market capitalization of $20.92 billion, a PE ratio of 20.08, a P/E/G ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The company has a 50 day moving average price of $65.00 and a 200-day moving average price of $66.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

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 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%. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were 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 was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.88%. Restaurant Brands International's payout ratio 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.