Restaurant Brands International Inc. (NYSE:QSR) Holdings Trimmed by Cullen Investment Group LTD.

Cullen Investment Group LTD. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,846 shares of the restaurant operator’s stock after selling 757 shares during the period. Cullen Investment Group LTD.’s holdings in Restaurant Brands International were worth $642,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in Restaurant Brands International in the third quarter valued at approximately $61,000. Blue Trust Inc. grew its stake in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. GAMMA Investing LLC increased its position in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on QSR shares. Evercore ISI cut their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer lowered 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. Argus dropped their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada dropped their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Citigroup boosted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $60.88 on Tuesday. The firm has a 50 day simple moving average of $67.34 and a 200-day simple moving average of $69.39. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a twelve month low of $60.38 and a twelve month high of $83.29. The company has a market capitalization of $19.72 billion, a PE ratio of 15.26, a P/E/G ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’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 $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the business’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 completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

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.