Royal Fund Management LLC Sells 24,730 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Royal Fund Management LLC cut its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 53.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,130 shares of the restaurant operator's stock after selling 24,730 shares during the quarter. Royal Fund Management LLC's holdings in Restaurant Brands International were worth $1,377,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock valued at $811,907,000 after buying an additional 536,124 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator's stock valued at $390,678,000 after purchasing an additional 518,795 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Restaurant Brands International by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator's stock valued at $291,615,000 after purchasing an additional 169,458 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 6.5% during the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator's stock valued at $270,554,000 after purchasing an additional 227,203 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake 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. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.6 %

Shares of NYSE:QSR traded up $0.34 during mid-day trading on Tuesday, hitting $60.82. 3,464,448 shares of the company traded hands, compared to its average volume of 1,820,929. The stock has a market cap of $19.73 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.03 and a beta of 0.94. 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 Inc. has a 12-month low of $60.03 and a 12-month high of $83.29. The stock has a 50-day moving average price of $66.58 and a two-hundred day moving average price of $69.06.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.81%. Restaurant Brands International's payout ratio is 58.15%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company's stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 over the last 90 days. Insiders own 1.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QSR. Evercore ISI cut their price target on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. KeyCorp lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lowered their price objective on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday. Oppenheimer lowered their price objective 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. Finally, Citigroup raised their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.08.

About Restaurant Brands International

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.