Generali Asset Management SPA SGR Takes $586,000 Position in Restaurant Brands International Inc. (NYSE:QSR)

Generali Asset Management SPA SGR acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,992 shares of the restaurant operator’s stock, valued at approximately $586,000.

Several other large investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 160 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares during the period. D.A. Davidson & CO. lifted its position in Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares in the last quarter. Waterfront Wealth Inc. grew its holdings in Restaurant Brands International by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after purchasing an additional 180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Restaurant Brands International by 4.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock worth $325,000 after buying an additional 210 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on QSR shares. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Friday, February 14th. Jefferies Financial Group decreased their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Finally, Truist Financial lowered their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Insider Activity

In related news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,726 shares of company stock worth $18,269,723. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $67.93 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $81.27. The company has a market capitalization of $22.08 billion, a PE ratio of 21.36, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a 50 day moving average price of $64.12 and a 200-day moving average price of $67.28. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued 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 return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Restaurant Brands International Company 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.