O Shaughnessy Asset Management LLC Cuts Position in Restaurant Brands International Inc. (NYSE:QSR)

O Shaughnessy Asset Management LLC reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 55,451 shares of the restaurant operator’s stock after selling 339 shares during the period. 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $32,000. IFP Advisors Inc grew its holdings 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. Physician Wealth Advisors Inc. purchased a new position in Restaurant Brands International in the 4th quarter valued at approximately $60,000. Finally, Crewe Advisors LLC acquired a new position in Restaurant Brands International during the fourth quarter worth $74,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the company’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 transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % 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. 1.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QSR. Truist Financial dropped their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group cut 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 report on Thursday, January 30th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Restaurant Brands International Price Performance

QSR stock opened at $66.94 on Thursday. The company has a market cap of $21.91 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. 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 stock has a 50-day moving average price of $65.26 and a two-hundred day moving average price of $67.18. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $78.00.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS 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 $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is currently 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.