Axa S.A. Sells 67,345 Shares of Restaurant Brands International Inc. (NYSE:QSR)

AXA S.A. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 53.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,162 shares of the restaurant operator's stock after selling 67,345 shares during the period. AXA S.A.'s holdings in Restaurant Brands International were worth $3,791,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its stake 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 acquiring an additional 161 shares during the period. GeoWealth Management LLC boosted its stake in Restaurant Brands International by 7.0% during the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock valued at $162,000 after purchasing an additional 163 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock valued at $915,000 after purchasing an additional 180 shares during the period. Capital Analysts LLC increased its position in shares of Restaurant Brands International by 24.3% during the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 186 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator's stock worth $325,000 after buying an additional 210 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Duncan Fulton sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares of the company's stock, valued at $16,023,731.36. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Down 0.1%

NYSE QSR traded down $0.04 during trading on Tuesday, reaching $68.75. 420,485 shares of the stock traded hands, compared to its average volume of 1,861,079. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. 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 firm has a market cap of $22.52 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The stock's 50-day moving average price is $65.32 and its 200 day moving average price is $65.70.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.61%. Restaurant Brands International's dividend payout ratio is presently 84.07%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QSR. CIBC decreased their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday. Morgan Stanley lifted their price objective on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Friday. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Truist Financial reduced their price objective on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays reduced 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 research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $75.65.

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.