Lansforsakringar Fondforvaltning AB publ Makes New $4.33 Million Investment in Restaurant Brands International Inc. (NYSE:QSR)

Lansforsakringar Fondforvaltning AB publ bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,428 shares of the restaurant operator's stock, valued at approximately $4,325,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QSR. Dunhill Financial LLC increased its holdings in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC grew its holdings 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 valued at $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth $32,000. IFP Advisors Inc lifted its position in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth $60,000. 82.29% of the stock is owned by institutional investors.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the sale, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 0.9%

Shares of QSR traded up $0.64 during trading hours on Friday, hitting $71.34. The company had a trading volume of 3,459,968 shares, compared to its average volume of 1,894,328. 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 $23.37 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07. The stock's 50 day moving average price is $66.08 and its 200 day moving average price is $65.85.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on QSR shares. Wells Fargo & Company dropped their price objective on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. TD Securities restated a "hold" rating and set a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Citigroup lowered their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. CIBC lowered their price target on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Finally, Oppenheimer raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.78.

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.