Restaurant Brands International Inc. (NYSE:QSR) Stake Cut by Cannell & Spears LLC

Cannell & Spears LLC decreased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 362,611 shares of the restaurant operator’s stock after selling 72,331 shares during the period. Cannell & Spears LLC owned about 0.11% of Restaurant Brands International worth $23,635,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at $32,000. IFP Advisors Inc lifted its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in Restaurant Brands International in the fourth quarter worth $60,000. Finally, Crewe Advisors LLC acquired a new position in Restaurant Brands International during the fourth quarter worth $74,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on 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 directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,226 shares of company stock worth $19,121,223. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $74.00 to $71.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $64.52 on Monday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $67.22. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $79.28. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. On average, analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. 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 dividend yield of 3.84%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

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.