Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 892,630 shares of the restaurant operator’s stock after selling 16,400 shares during the quarter. Swiss National Bank’s holdings in Restaurant Brands International were worth $58,151,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Restaurant Brands International by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after acquiring an additional 307,791 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock worth $86,780,000 after purchasing an additional 68,456 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 287,726 shares of company stock worth $18,269,723 in the last three months. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Price Performance

NYSE:QSR opened at $66.07 on Friday. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $81.55. 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 firm has a market cap of $21.47 billion, a P/E ratio of 20.78, a PEG ratio of 1.77 and a beta of 0.95. The business’s 50-day moving average price is $63.74 and its 200 day moving average price is $67.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results 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, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. 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 dividend yield of 3.75%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on QSR shares. Wells Fargo & Company cut their price objective on 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. Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus decreased their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. TD Securities restated a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Finally, Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Hold” and an average price target of $77.33.

Restaurant Brands International 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.