Massachusetts Financial Services Co. MA Cuts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Massachusetts Financial Services Co. MA lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 588,217 shares of the restaurant operator's stock after selling 9,130 shares during the period. Massachusetts Financial Services Co. MA owned 0.18% of Restaurant Brands International worth $39,199,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of QSR. HM Payson & Co. bought a new position in shares of Restaurant Brands International during the 1st quarter valued at about $26,000. Dunhill Financial LLC boosted its holdings in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Restaurant Brands International by 113.6% in the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after acquiring an additional 476 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on QSR. Truist Financial increased their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. UBS Group lowered their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Bank of America lowered their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a report on Friday. One 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $75.65.

Restaurant Brands International Trading Down 0.5%

Shares of NYSE:QSR traded down $0.34 during trading on Friday, reaching $69.23. 1,606,388 shares of the company were exchanged, compared to its average volume of 2,114,595. The firm has a market capitalization of $22.69 billion, a PE ratio of 20.77, a P/E/G ratio of 2.03 and a beta of 0.58. The business's fifty day simple moving average is $68.56 and its 200-day simple moving average is $65.75. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business's revenue was up 21.3% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, research analysts anticipate 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 was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.36% of the stock is currently owned by insiders.

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.