UniSuper Management Pty Ltd Sells 1,100 Shares of Restaurant Brands International Inc. (NYSE:QSR)

UniSuper Management Pty Ltd lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,900 shares of the restaurant operator’s stock after selling 1,100 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Restaurant Brands International were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QSR. Bleakley Financial Group LLC raised its position in Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 161 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares during the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 180 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after buying an additional 210 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Restaurant Brands International by 3.2% in the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock worth $436,000 after buying an additional 210 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on QSR. Citigroup lifted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Jefferies Financial Group reduced their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Finally, Truist Financial dropped their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.08.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 18,477 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 $1,152,040.95. Following the completion of the transaction, the chief financial officer now owns 55,761 shares of the company’s stock, valued at $3,476,698.35. The trade was a 24.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock valued at $19,121,223 over the last quarter. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Up 3.4 %

Shares of NYSE:QSR opened at $66.73 on Tuesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $79.28. The firm has a market capitalization of $21.84 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.77 and a beta of 0.95. The stock has a 50 day moving average price of $65.00 and a 200-day moving average price of $67.20.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.62 per share. 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 yield of 3.72%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

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.