Nuveen Asset Management LLC Cuts Position in Restaurant Brands International Inc. (NYSE:QSR)

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

Other hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC increased its holdings in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 200 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $32,000. IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $60,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Trading Down 0.5%

Shares of QSR traded down $0.35 during trading hours on Thursday, reaching $71.45. 299,589 shares of the company traded hands, compared to its average volume of 2,257,420. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07. The company has a market capitalization of $23.41 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company's fifty day moving average price is $65.91 and its two-hundred day moving average price is $65.80. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. Equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders 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 3.47%. Restaurant Brands International's payout ratio is currently 84.07%.

Analyst Ratings Changes

A number of brokerages recently issued reports on QSR. CIBC decreased their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Loop Capital restated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Robert W. Baird dropped their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, UBS Group decreased their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.78.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction 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. Company insiders own 1.36% of the company's stock.

About Restaurant Brands International

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.