Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 892,630 shares of the restaurant operator's stock after selling 16,400 shares during the period. Swiss National Bank owned 0.28% of Restaurant Brands International worth $58,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator's stock worth $311,000 after purchasing an additional 160 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock valued at $204,000 after purchasing an additional 161 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator's stock valued at $607,000 after purchasing an additional 179 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock valued at $915,000 after acquiring an additional 180 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 185 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, 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 transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sami A. Siddiqui sold 5,579 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 $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 287,726 shares of company stock worth $18,269,723. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Up 0.3 %

NYSE QSR traded up $0.22 on Wednesday, reaching $68.07. 2,117,846 shares of the stock traded hands, compared to its average volume of 2,235,230. Restaurant Brands International Inc. has a 12 month low of $59.67 and a 12 month high of $81.27. The company has a fifty day moving average price of $63.91 and a 200-day moving average price of $67.27. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 21.40, a PEG 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 announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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, research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.62 dividend. 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.64%. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Analysts Set New Price Targets

A number of analysts have commented on QSR shares. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, January 10th. Guggenheim raised Restaurant Brands International from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $74.00 to $71.00 in a research note on Friday, January 24th. Finally, TD Securities reaffirmed a "hold" rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $77.33.

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.