Cullen Investment Group LTD. Cuts Stake in Restaurant Brands International Inc. (NYSE:QSR)

Cullen Investment Group LTD. trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,846 shares of the restaurant operator’s stock after selling 757 shares during the quarter. Cullen Investment Group LTD.’s holdings in Restaurant Brands International were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QSR. D1 Capital Partners L.P. bought a new position in shares of Restaurant Brands International in the second quarter worth about $200,097,000. National Bank of Canada FI raised its holdings in shares of Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the last quarter. Holocene Advisors LP acquired a new stake in Restaurant Brands International during the third quarter worth about $89,790,000. Point72 Asset Management L.P. boosted its position in Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after buying an additional 835,000 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $60.88 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The business’s 50 day moving average is $67.34 and its two-hundred day moving average is $69.39. Restaurant Brands International Inc. has a 52-week low of $60.38 and a 52-week high of $83.29. The firm has a market cap of $19.72 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.81%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 in the last 90 days. Company insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen lowered their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. CIBC cut their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Argus cut their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.46.

Restaurant Brands International Company 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.