Swiss National Bank Sells 55,800 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Swiss National Bank cut its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 934,730 shares of the restaurant operator's stock after selling 55,800 shares during the quarter. Swiss National Bank owned 0.30% of Restaurant Brands International worth $73,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC increased its position in shares of Restaurant Brands International by 1.3% during the third quarter. Aviva PLC now owns 11,726 shares of the restaurant operator's stock worth $784,000 after purchasing an additional 149 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Restaurant Brands International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the restaurant operator's stock valued at $423,000 after buying an additional 168 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after buying an additional 174 shares in the last quarter. Sigma Planning Corp boosted its position in Restaurant Brands International by 2.4% during the third quarter. Sigma Planning Corp now owns 7,800 shares of the restaurant operator's stock worth $520,000 after acquiring an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its position in Restaurant Brands International by 4.5% during the fourth quarter. Waldron Private Wealth LLC now owns 4,647 shares of the restaurant operator's stock worth $365,000 after acquiring an additional 199 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QSR has been the topic of a number of research reports. Truist Financial raised their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on Restaurant Brands International from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Evercore ISI boosted their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. Finally, KeyCorp raised their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.56.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 161,353 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the transaction, the chief executive officer now owns 578,125 shares of the company's stock, valued at approximately $43,688,906.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares of the company's stock, valued at $4,260,112.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares in the company, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 over the last ninety days. 1.25% of the stock is owned by company insiders.

Restaurant Brands International Trading Down 0.7 %

Shares of QSR traded down $0.50 during trading hours on Monday, hitting $75.33. The stock had a trading volume of 2,601,671 shares, compared to its average volume of 1,506,381. The company's fifty day simple moving average is $76.54 and its 200 day simple moving average is $74.80. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market cap of $23.83 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.30 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.75 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.08%. Restaurant Brands International's dividend payout ratio is currently 59.79%.

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.