Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lessened its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,577,821 shares of the restaurant operator’s stock after selling 26,092 shares during the period. TD Asset Management Inc. owned 1.10% of Restaurant Brands International worth $233,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $32,000. IFP Advisors Inc raised its stake in Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares during the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International in the 4th quarter valued at $74,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Restaurant Brands International by 74.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 567 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QSR. JPMorgan Chase & Co. cut their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus decreased their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Citigroup raised their price objective on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays lowered their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One 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’s stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.08.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Up 0.1 %

QSR stock opened at $67.09 on Tuesday. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $80.02. The company’s 50 day moving average price is $64.37 and its 200 day moving average price is $67.24. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. This is a positive change 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%.

About Restaurant Brands International

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.