The Manufacturers Life Insurance Company Has $168.93 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

The Manufacturers Life Insurance Company cut its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588,908 shares of the restaurant operator's stock after selling 1,263,108 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.80% of Restaurant Brands International worth $168,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of QSR. Venturi Wealth Management LLC increased its position in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International in the fourth quarter worth approximately $32,000. IFP Advisors Inc raised its position in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $60,000. Finally, Capital Analysts LLC lifted its stake in Restaurant Brands International by 24.3% in the fourth quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 186 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 recent research reports. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. Guggenheim raised their target price on Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, April 4th. CIBC decreased their price target on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.27.

Restaurant Brands International Stock Performance

QSR stock traded up $1.42 during midday trading on Friday, hitting $66.67. The stock had a trading volume of 2,395,726 shares, compared to its average volume of 1,842,590. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $76.49. 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 stock has a 50-day simple moving average of $65.03 and a 200 day simple moving average of $65.96. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.62 dividend. The ex-dividend date was Friday, March 21st. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.72%. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 18,477 shares of Restaurant Brands International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $1,152,040.95. Following the transaction, the chief financial officer now directly owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. The trade was a 24.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. Corporate insiders own 1.36% of the company's stock.

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.