Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 3,577,821 shares of the restaurant operator’s stock after selling 26,092 shares during the period. TD Asset Management Inc.’s holdings in Restaurant Brands International were worth $233,078,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC raised its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its stake in shares of Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 412 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $74,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Restaurant Brands International by 74.8% during the 4th 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 during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $74.00 to $71.00 in a research note on Friday, January 24th. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. Morgan Stanley decreased 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, Oppenheimer reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Restaurant Brands International Stock Up 0.1 %

QSR opened at $67.09 on Tuesday. The business’s fifty day simple moving average is $64.37 and its 200 day simple moving average is $67.24. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $80.02. The firm has a market cap of $21.80 billion, a P/E ratio of 21.10, a PEG ratio of 1.77 and a beta of 0.95. 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 (NYSE:QSR) (TSE:QSR) last released 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 return on equity of 28.53% and a net margin of 12.15%. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Insider Buying and Selling 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 transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now 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 legal filing with the SEC, which is available through this link. Also, CFO Sami A. Siddiqui sold 5,579 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 300,226 shares of company stock worth $19,121,223. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Profile

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.