Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,043 shares of the restaurant operator’s stock after selling 350 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Restaurant Brands International were worth $589,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QSR. Farther Finance Advisors LLC boosted 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 purchasing an additional 185 shares during the period. Plato Investment Management Ltd purchased a new position in Restaurant Brands International in the third quarter valued at about $61,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 purchasing an additional 567 shares in the last quarter. Blue Trust Inc. boosted its position 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 buying an additional 768 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.8 %

QSR stock opened at $62.47 on Friday. The stock has a market cap of $20.27 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The firm’s 50-day simple moving average is $65.63 and its 200 day simple moving average is $68.64. Restaurant Brands International Inc. has a fifty-two week low of $59.85 and a fifty-two week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.71%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley reduced their price target on 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. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. KeyCorp lowered their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. TD Cowen cut their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lowered their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 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 transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,510 shares of company stock worth $7,774,020. Company insiders own 1.36% of the company’s stock.

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.