Point72 Asset Management L.P. Decreases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Point72 Asset Management L.P. cut its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 76.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,067 shares of the restaurant operator's stock after selling 1,113,642 shares during the period. Point72 Asset Management L.P. owned approximately 0.11% of Restaurant Brands International worth $22,948,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QSR. Dunhill Financial LLC boosted its holdings in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $32,000. IFP Advisors Inc grew its holdings in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock worth $17,740,281 in the last quarter. 1.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QSR. TD Cowen cut Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Barclays lowered their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $75.65.

Restaurant Brands International Trading Down 0.1%

QSR stock traded down $0.09 during midday trading on Thursday, hitting $69.34. The stock had a trading volume of 565,236 shares, compared to its average volume of 1,865,478. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a market cap of $22.72 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The business has a fifty day moving average price of $65.62 and a two-hundred day moving average price of $65.73. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.07.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

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.