Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,310 shares of the restaurant operator's stock after selling 14,745 shares during the quarter. Restaurant Brands International accounts for approximately 1.6% of Triasima Portfolio Management inc.'s portfolio, making the stock its 21st largest holding. Triasima Portfolio Management inc. owned 0.08% of Restaurant Brands International worth $18,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at approximately $91,144,000. Alliancebernstein L.P. lifted its position in shares of Restaurant Brands International by 222.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,957,325 shares of the restaurant operator's stock valued at $126,580,000 after buying an additional 1,349,590 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Restaurant Brands International by 3,650.9% during the 1st quarter. Renaissance Technologies LLC now owns 787,687 shares of the restaurant operator's stock valued at $46,002,000 after buying an additional 766,687 shares in the last quarter. Dorsal Capital Management LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at approximately $48,502,000. Finally, Bridgewater Associates LP lifted its position in shares of Restaurant Brands International by 360.2% during the 1st quarter. Bridgewater Associates LP now owns 882,707 shares of the restaurant operator's stock valued at $51,616,000 after buying an additional 690,887 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now directly owns 210,535 shares of the company's stock, valued at approximately $16,055,399.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Joshua Kobza sold 36,371 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Chan Shear sold 17,556 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares in the company, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock valued at $28,828,182 in the last three months. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Trading Down 1.3 %

Shares of NYSE:QSR traded down $0.94 during midday trading on Friday, reaching $71.27. 1,079,913 shares of the company's stock were exchanged, compared to its average volume of 1,448,482. The firm's 50 day simple moving average is $77.61 and its two-hundred day simple moving average is $73.74. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.17 and a beta of 0.91. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. As a group, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.39 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.26%. The ex-dividend date was Wednesday, March 20th. Restaurant Brands International's payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on QSR shares. BMO Capital Markets increased their target price on Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. Piper Sandler decreased their price objective on Restaurant Brands International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Wednesday, February 14th. Guggenheim raised their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Oppenheimer raised their price objective on Restaurant Brands International from $83.00 to $89.00 and gave the company an "outperform" rating in a report on Friday, January 5th. Finally, Scotiabank decreased their price objective on Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $82.36.

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.