Royal Fund Management LLC Has $1.38 Million Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Royal Fund Management LLC lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 53.9% in the fourth quarter, Holdings Channel reports. The firm owned 21,130 shares of the restaurant operator’s stock after selling 24,730 shares during the period. Royal Fund Management LLC’s holdings in Restaurant Brands International were worth $1,377,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in QSR. Farther Finance Advisors LLC increased its stake 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 in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth about $61,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 acquiring an additional 567 shares in the last quarter. Blue Trust Inc. boosted its position in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This represents a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value 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 approximately $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 over the last 90 days. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

QSR has been the topic of several analyst reports. Evercore ISI dropped their price target 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. Wells Fargo & Company decreased their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Finally, Bank of America boosted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $60.48 on Tuesday. Restaurant Brands International Inc. has a twelve month low of $60.03 and a twelve month high of $83.29. The stock has a market capitalization of $19.62 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm’s 50 day moving average price is $66.73 and its 200-day moving average price is $69.13.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is 58.15%.

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.