Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 73.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,507 shares of the restaurant operator's stock after selling 165,101 shares during the period. Bridgewater Associates LP's holdings in Restaurant Brands International were worth $3,942,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC boosted its position in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International during the 4th quarter worth approximately $32,000. IFP Advisors Inc increased its position 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 purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International during the 4th quarter worth about $60,000. Finally, Crewe Advisors LLC purchased a new stake in Restaurant Brands International during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Trading Down 1.0 %

Shares of NYSE QSR traded down $0.62 on Wednesday, reaching $63.25. 430,253 shares of the company traded hands, compared to its average volume of 2,249,997. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $77.24. The company has a 50 day moving average of $65.00 and a 200 day moving average of $66.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $20.72 billion, a PE ratio of 19.89, a P/E/G ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 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%. On average, equities research analysts forecast 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 announced 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. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

QSR has been the subject of several research reports. Morgan Stanley reduced their target price on Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. CIBC lowered their price target on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. Oppenheimer lowered their price target on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lowered their price target on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.25.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Duncan Fulton sold 15,974 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % 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 in the last 90 days. 1.36% of the stock is owned by company insiders.

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.