Mn Services Vermogensbeheer B.V. Trims Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,400 shares of the restaurant operator's stock after selling 8,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Restaurant Brands International were worth $7,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QSR. Dunhill Financial LLC lifted its position in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $32,000. IFP Advisors Inc increased its stake in 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 purchasing an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth $60,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In related 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 transaction of $4,905,600.00. Following the transaction, the insider now owns 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QSR. Oppenheimer upped their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Scotiabank began coverage on Restaurant Brands International in a report on Wednesday. They issued a "sector perform" rating and a $75.00 target price on the stock. Truist Financial dropped their target price on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.68.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded down $0.69 during trading on Wednesday, reaching $66.09. The company's stock had a trading volume of 3,117,362 shares, compared to its average volume of 1,934,322. The company has a 50-day moving average price of $67.23 and a two-hundred day moving average price of $65.85. The firm has a market cap of $21.65 billion, a PE ratio of 22.40, a P/E/G ratio of 1.98 and a beta of 0.61. 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 current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data 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 28.94% and a net margin of 10.82%. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The company's revenue for the quarter was up 21.3% on a year-over-year basis. On average, analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.75%. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

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.