Gulf International Bank UK Ltd Has $40,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Gulf International Bank UK Ltd lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 618 shares of the restaurant operator’s stock after selling 324 shares during the period. Gulf International Bank UK Ltd’s holdings in Restaurant Brands International were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QSR. Private Advisor Group LLC acquired a new position in Restaurant Brands International during the 3rd quarter valued at about $257,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Restaurant Brands International by 38.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock worth $310,000 after buying an additional 1,198 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Restaurant Brands International by 45.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,414 shares of the restaurant operator’s stock worth $318,000 after buying an additional 1,373 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Restaurant Brands International by 19.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 3,735 shares of the restaurant operator’s stock worth $292,000 after buying an additional 600 shares in the last quarter. Finally, 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 worth $30,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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 shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 379,726 shares of company stock worth $24,662,800 over the last three months. Company insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent analyst reports. TD Securities reissued a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 25th. CIBC dropped their target price on shares of 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. Evercore ISI dropped their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, TD Cowen cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. One equities research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.33.

Restaurant Brands International Stock Up 0.1 %

Shares of NYSE:QSR opened at $65.24 on Monday. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29. The firm has a fifty day moving average of $63.44 and a 200 day moving average of $67.56. The firm has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results 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 net margin of 12.15% and a return on equity of 28.53%. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.80%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio 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.