Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,627 shares of the restaurant operator’s stock after selling 2,967 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Restaurant Brands International were worth $4,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QSR. Alerus Financial NA raised its position in Restaurant Brands International by 0.3% in the first quarter. Alerus Financial NA now owns 89,674 shares of the restaurant operator’s stock valued at $7,125,000 after purchasing an additional 258 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Restaurant Brands International by 60.1% during the first quarter. Hillsdale Investment Management Inc. now owns 132,540 shares of the restaurant operator’s stock worth $10,530,000 after acquiring an additional 49,750 shares during the period. Hutner Capital Management Inc. increased its position in shares of Restaurant Brands International by 8.2% during the first quarter. Hutner Capital Management Inc. now owns 25,110 shares of the restaurant operator’s stock worth $1,995,000 after acquiring an additional 1,902 shares during the period. Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after acquiring an additional 141,468 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Restaurant Brands International during the first quarter worth $6,628,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded down $1.47 during trading on Tuesday, reaching $71.22. The company had a trading volume of 1,369,073 shares, compared to its average volume of 1,588,463. The firm’s fifty day moving average is $69.86 and its 200 day moving average is $74.21. The firm has a market capitalization of $22.56 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. 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 released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 21st were issued 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 3.26%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QSR. Loop Capital increased their target price on Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Bank of America increased their target price on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a report on Wednesday, July 17th. Genuity Capital Markets dropped their target price on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Robert W. Baird increased their target price on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, TD Securities upped their price objective on shares of Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average target price of $83.46.

Insider Activity

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

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.