Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 63.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,121 shares of the restaurant operator’s stock after selling 17,584 shares during the period. Aigen Investment Management LP’s holdings in Restaurant Brands International were worth $660,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted 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 during the period. Venturi Wealth Management LLC boosted 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 worth $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Restaurant Brands International during the 4th quarter worth $32,000. IFP Advisors Inc lifted its stake in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the 3rd quarter worth $61,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on QSR. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group reduced their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Truist Financial reduced their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced 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. Finally, Citigroup raised their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.33.

Insider Transactions at Restaurant Brands International

In other news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joshua Kobza sold 72,720 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $4,681,713.60. Following the sale, the chief executive officer now owns 961,295 shares of the company’s stock, valued at approximately $61,888,172.10. This trade represents a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,339 shares of company stock worth $19,016,984 over the last ninety days. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $67.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average price of $63.46 and a two-hundred day moving average price of $67.47. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The company has a market capitalization of $21.94 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate 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, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.67%. Restaurant Brands International’s payout ratio is 77.99%.

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.