Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,459 shares of the restaurant operator’s stock after selling 2,701 shares during the period. Advisors Asset Management Inc.’s holdings in Restaurant Brands International were worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QSR. Capital Research Global Investors increased its stake in Restaurant Brands International by 19.8% during the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after buying an additional 3,971,774 shares during the period. Norges Bank acquired a new stake in shares of Restaurant Brands International during the fourth quarter valued at about $243,551,000. TD Asset Management Inc increased its position in shares of Restaurant Brands International by 41.0% during the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after acquiring an additional 1,409,552 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Restaurant Brands International by 46.7% in the fourth quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator’s stock worth $173,167,000 after acquiring an additional 717,801 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in Restaurant Brands International by 18.2% in the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock valued at $364,722,000 after purchasing an additional 717,346 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on QSR shares. Piper Sandler dropped their price objective on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Loop Capital lifted their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group started coverage on shares of Restaurant Brands International in a research note on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Bank of America increased their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.46.

Insider Buying and Selling

In other Restaurant Brands International news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the transaction, the director now directly owns 22,881 shares of the company’s stock, valued at approximately $1,710,354.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Joshua Kobza sold 246,196 shares of Restaurant Brands International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the transaction, the chief executive officer now owns 595,764 shares of the company’s stock, valued at approximately $44,783,579.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ali Hedayat sold 8,537 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares of the company’s stock, valued at $1,710,354.75. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Trading Down 0.9 %

Shares of QSR stock opened at $67.98 on Friday. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The firm has a market capitalization of $21.54 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. The stock has a fifty day moving average of $69.70 and a two-hundred day moving average of $74.01. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 21st were paid a dividend of $0.58 per share. The ex-dividend date was Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.41%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

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.