Swiss National Bank Cuts Position in Restaurant Brands International Inc. (NYSE:QSR)

Swiss National Bank reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 892,630 shares of the restaurant operator’s stock after selling 16,400 shares during the period. Swiss National Bank owned approximately 0.28% of Restaurant Brands International worth $58,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Summerhill Capital Management lnc. purchased a new stake in Restaurant Brands International during the fourth quarter worth about $841,000. Baskin Financial Services Inc. lifted its position in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after acquiring an additional 9,208 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $101,085,000 after acquiring an additional 126,600 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International in the 4th quarter valued at approximately $32,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $66.07 on Friday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $81.55. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a 50 day moving average price of $63.74 and a 200 day moving average price of $67.30. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current 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 issued a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.75%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the company’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 completion of the sale, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 287,726 shares of company stock valued at $18,269,723 over the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. TD Securities reissued a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, CIBC dropped their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and a consensus target price 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.