Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,451 shares of the restaurant operator’s stock after selling 339 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Restaurant Brands International were worth $3,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Restaurant Brands International by 3.3% during the fourth 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 last quarter. Norges Bank acquired a new stake in Restaurant Brands International in the 4th quarter valued at approximately $264,813,000. National Bank of Canada FI raised its position in Restaurant Brands International by 68.6% in 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 period. Point72 Asset Management L.P. lifted its stake 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 worth $105,707,000 after purchasing an additional 1,082,622 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Restaurant Brands International by 10.1% during the third 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 in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $66.94 on Thursday. The stock has a market cap of $21.91 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $78.00. The stock has a 50 day moving average of $65.26 and a two-hundred day moving average of $67.18. The company has a current ratio of 1.02, a quick ratio of 0.94 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 EPS 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%. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business 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 dividend of $0.62 per share. 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 3.70%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Friday, February 14th. Citigroup boosted their price target 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. TD Securities restated a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Truist Financial cut their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays dropped their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.08.

Insider Activity at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock worth $19,121,223 in the last quarter. Company insiders own 1.36% of the company’s stock.

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.