By otakuyassine3@gmail.com 
Truist Financial Corp trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,434 shares of the restaurant operator’s stock after selling 4,638 shares during the quarter. Truist Financial Corp’s holdings in Restaurant Brands International were worth $2,635,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the third quarter valued at $61,000. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at $74,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 567 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on QSR shares. CIBC lowered their price target on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada reduced their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. TD Securities reaffirmed a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Stifel Nicolaus lowered their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average price target of $77.96.
View Our Latest Report on Restaurant Brands International
Insider Buying and Selling at Restaurant Brands International
In other news, insider Thiago T. Santelmo sold 3,511 shares of the business’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 sale, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the transaction, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 241,580 shares of company stock worth $15,761,261 in the last 90 days. 1.36% of the stock is owned by corporate insiders.
Restaurant Brands International Price Performance
Shares of NYSE QSR opened at $64.34 on Wednesday. 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 $59.67 and a twelve month high of $83.29. The stock has a 50 day moving average of $63.52 and a two-hundred day moving average of $67.68. The stock has a market cap of $20.87 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.77 and a beta of 0.93.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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%. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.
Restaurant Brands International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 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.
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