AGF Management Ltd. Sells 20,562 Shares of Restaurant Brands International Inc. (NYSE:QSR)

AGF Management Ltd. trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,171 shares of the restaurant operator's stock after selling 20,562 shares during the period. AGF Management Ltd.'s holdings in Restaurant Brands International were worth $4,940,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. grew its holdings 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 in the last quarter. Rise Advisors LLC grew its holdings in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth $30,000. Montag A & Associates Inc. acquired a new position in Restaurant Brands International during the 4th quarter worth $30,000. Finally, Fifth Third Bancorp grew its holdings in Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 278 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QSR has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, May 1st. Truist Financial raised their price objective on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Citigroup raised their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Guggenheim raised their price objective on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Finally, TD Cowen reissued a "buy" rating and set a $84.00 price objective on shares of Restaurant Brands International in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $83.56.

Restaurant Brands International Price Performance

Shares of QSR stock traded down $1.11 during midday trading on Monday, reaching $72.13. 2,267,729 shares of the company were exchanged, compared to its average volume of 1,542,241. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The company has a market cap of $22.82 billion, a P/E ratio of 18.57, a PEG ratio of 2.21 and a beta of 0.92. The company's 50 day moving average price is $76.28 and its two-hundred day moving average price is $75.01. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results 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 net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.75 EPS. Restaurant Brands International's revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.34 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.22%. Restaurant Brands International's dividend payout ratio (DPR) is 59.79%.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares of the company's stock, valued at approximately $44,783,579.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the transaction, the chief financial officer now directly owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 634,933 shares of company stock worth $47,972,876. 1.25% of the stock is owned by corporate insiders.

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.