Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 10.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,434 shares of the restaurant operator's stock after selling 4,638 shares during the period. Truist Financial Corp's holdings in Restaurant Brands International were worth $2,635,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $61,000. Crewe Advisors LLC purchased a new position in shares of Restaurant Brands International in the 4th quarter worth approximately $74,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Restaurant Brands International by 74.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock worth $86,000 after buying an additional 567 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

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Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company's stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Granat sold 81,387 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, the insider now directly owns 388,759 shares in the company, valued at $26,968,211.83. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 379,726 shares of company stock valued at $24,662,800. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Price Performance

NYSE QSR traded up $0.05 on Friday, hitting $65.24. The company had a trading volume of 1,889,736 shares, compared to its average volume of 2,242,596. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. The company has a market capitalization of $21.17 billion, a PE ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. The company's fifty day moving average price is $63.44 and its 200-day moving average price is $67.60. 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 released its 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 return on equity of 28.53% and a net margin of 12.15%. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. Restaurant Brands International's payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QSR. Barclays cut their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Guggenheim raised shares of Restaurant Brands International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. TD Cowen cut shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Finally, Oppenheimer lowered their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.33.

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.