Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 90.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,109 shares of the restaurant operator's stock after selling 2,598,497 shares during the quarter. Nuveen Asset Management LLC owned about 0.08% of Restaurant Brands International worth $17,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Restaurant Brands International during the fourth quarter worth approximately $264,813,000. Meritage Group LP increased its stake in Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the last quarter. Baupost Group LLC MA increased its stake in Restaurant Brands International by 10,155.5% during the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after acquiring an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after acquiring an additional 2,695,071 shares during the last quarter. Finally, Capital World Investors increased its stake in Restaurant Brands International by 2.0% during the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock worth $2,829,974,000 after acquiring an additional 841,167 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. CIBC lowered 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, May 9th. Wells Fargo & Company lowered their target price 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. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities reissued a "hold" rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $75.78.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded up $1.53 on Tuesday, hitting $71.60. The stock had a trading volume of 3,747,523 shares, compared to its average volume of 1,882,167. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07. 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 cap of $23.46 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.77 and a beta of 0.60. The company's 50 day moving average price is $65.74 and its 200 day moving average price is $65.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly 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). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business's revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. On average, research analysts anticipate 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 given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's payout ratio is 84.07%.

Insiders Place Their Bets

In related news, insider Duncan Fulton sold 27,500 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This represents a 44.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05% decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by 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.