The Manufacturers Life Insurance Company lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,588,908 shares of the restaurant operator's stock after selling 1,263,108 shares during the period. The Manufacturers Life Insurance Company owned about 0.80% of Restaurant Brands International worth $168,928,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in Restaurant Brands International by 213.6% during 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 stake in shares of Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc grew its holdings in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after buying an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $60,000. Finally, Capital Analysts LLC increased its holdings in shares of 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 purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.
Insider Buying and Selling
In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction dated 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 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 sale 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 firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is owned by company insiders.
Restaurant Brands International Price Performance
QSR stock traded up $1.42 during trading on Friday, hitting $66.67. The stock had a trading volume of 2,395,726 shares, compared to its average volume of 1,844,177. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company's 50 day moving average price is $65.03 and its two-hundred day moving average price is $65.88. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $76.49.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.
Restaurant Brands International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.62 dividend. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio is presently 77.99%.
Analyst Ratings Changes
QSR has been the topic of a number of analyst reports. Guggenheim lifted their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. TD Securities reiterated a "hold" rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Oppenheimer reduced their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, January 10th. Finally, Truist Financial reduced their price target on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and an average price target of $75.27.
Get Our Latest Stock Report on Restaurant Brands International
Restaurant Brands International Company Profile
(
Free Report)
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.
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