Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626,191 shares of the restaurant operator’s stock after selling 238,573 shares during the quarter. Restaurant Brands International comprises 1.4% of Intact Investment Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Intact Investment Management Inc. owned 0.19% of Restaurant Brands International worth $40,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC lifted its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Assetmark Inc. lifted its position in Restaurant Brands International by 2.8% during the 3rd quarter. Assetmark Inc. now owns 24,555 shares of the restaurant operator’s stock worth $1,771,000 after acquiring an additional 669 shares during the period. MQS Management LLC acquired a new stake in Restaurant Brands International during the 3rd quarter worth approximately $402,000. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the 3rd quarter worth approximately $61,000. Finally, CIBC Asset Management Inc lifted its position in Restaurant Brands International by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after acquiring an additional 118,721 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Restaurant Brands International

In other news, insider Duncan Fulton sold 15,974 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the sale, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 287,726 shares of company stock worth $18,269,723 over the last quarter. 1.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of analyst reports. Truist Financial cut their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. TD Securities reissued a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut their target price on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.33.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $65.75 on Friday. 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 stock has a fifty day moving average of $63.72 and a two-hundred day moving average of $67.35. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $82.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly 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 anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm 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 boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.77%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

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.