Braun Stacey Associates Inc. Decreases Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Braun Stacey Associates Inc. reduced its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 310,866 shares of the restaurant operator's stock after selling 37,526 shares during the period. Restaurant Brands International accounts for about 1.1% of Braun Stacey Associates Inc.'s portfolio, making the stock its 29th largest position. Braun Stacey Associates Inc. owned approximately 0.10% of Restaurant Brands International worth $24,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in Restaurant Brands International during the 3rd quarter worth approximately $5,619,000. Vanguard Group Inc. raised its stake in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator's stock worth $784,853,000 after acquiring an additional 203,594 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Restaurant Brands International by 47.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator's stock worth $26,914,000 after acquiring an additional 129,713 shares during the period. Ameriprise Financial Inc. lifted its position in Restaurant Brands International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 863,765 shares of the restaurant operator's stock worth $57,666,000 after acquiring an additional 13,857 shares during the period. Finally, Pacifica Partners Inc. grew its stake in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. CIBC reduced their price target on shares of Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday, January 17th. Evercore ISI upped their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Evercore increased their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Oppenheimer lifted their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an "outperform" rating in a research note on Friday, January 5th. Finally, TD Cowen restated an "outperform" rating and set a $90.00 price target on shares of Restaurant Brands International in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.30.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 2,682 shares of the firm's stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $76.55, for a total transaction of $205,307.10. Following the sale, the insider now owns 23,322 shares of the company's stock, valued at approximately $1,785,299.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the transaction, the insider now owns 210,535 shares of the company's stock, valued at $16,055,399.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Benjamin Curtis sold 2,682 shares of Restaurant Brands International stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $76.55, for a total value of $205,307.10. Following the sale, the insider now owns 23,322 shares in the company, valued at approximately $1,785,299.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,792 shares of company stock valued at $31,016,900. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Down 2.8 %

Shares of Restaurant Brands International stock traded down $2.12 on Thursday, reaching $74.57. 1,653,233 shares of the company were exchanged, compared to its average volume of 1,446,501. The stock's 50 day moving average price is $78.29 and its 200-day moving average price is $73.47. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a market cap of $23.54 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm's revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.58 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, March 20th. Restaurant Brands International's dividend payout ratio is currently 61.54%.

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.