Lee Financial Co Trims Position in Restaurant Brands International Inc. (NYSE:QSR)

Lee Financial Co trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,702 shares of the restaurant operator’s stock after selling 365 shares during the quarter. Lee Financial Co’s holdings in Restaurant Brands International were worth $1,286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the third quarter worth $61,000. Crewe Advisors LLC bought a new stake in Restaurant Brands International during the fourth quarter valued at $74,000. MassMutual Private Wealth & Trust FSB grew its position in Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after buying an additional 567 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Restaurant Brands International by 123.9% in the 3rd 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.

Insider Activity at Restaurant Brands International

In other news, CEO Joshua Kobza sold 12,420 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 value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This represents a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Granat sold 81,387 shares of Restaurant Brands International 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 have sold 113,510 shares of company stock worth $7,774,020 over the last 90 days. 1.36% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QSR. KeyCorp dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Barclays cut their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup raised their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday. Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Stock Down 2.8 %

Shares of NYSE:QSR opened at $64.53 on Friday. The stock’s 50-day moving average is $64.24 and its 200 day moving average is $68.04. The company has a market cap of $20.94 billion, a PE ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.3 EPS 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. Stockholders of record on Friday, March 21st will be paid 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 dividend on an annualized basis and a dividend yield of 3.84%. Restaurant Brands International’s payout ratio is presently 58.15%.

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.