UniSuper Management Pty Ltd Sells 1,100 Shares of Restaurant Brands International Inc. (NYSE:QSR)

UniSuper Management Pty Ltd reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.7% during the fourth quarter, HoldingsChannel reports. The firm owned 5,900 shares of the restaurant operator’s stock after selling 1,100 shares during the period. UniSuper Management Pty Ltd’s holdings in Restaurant Brands International were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of QSR. Vanguard Group Inc. lifted its stake in Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after acquiring an additional 421,873 shares during the period. National Bank of Canada FI raised its holdings in shares of Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after purchasing an additional 1,082,622 shares during the period. Geode Capital Management LLC grew its position in Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Restaurant Brands International by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock valued at $86,780,000 after buying an additional 68,456 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Securities reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Citigroup raised their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. CIBC cut their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.08.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $66.73 on Tuesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $79.28. The stock’s 50 day simple moving average is $65.00 and its two-hundred day simple moving average is $67.20.

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 analysts’ consensus estimates 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, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share 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. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.72%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 300,226 shares of company stock worth $19,121,223. Corporate 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.