HighPoint Advisor Group LLC Sells 385 Shares of Restaurant Brands International Inc. (NYSE:QSR)

HighPoint Advisor Group LLC decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,483 shares of the restaurant operator’s stock after selling 385 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Restaurant Brands International were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Restaurant Brands International during the 4th quarter valued at $264,813,000. National Bank of Canada FI boosted its stake in shares of Restaurant Brands International by 68.6% during 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. Arrowstreet Capital Limited Partnership grew its holdings in shares of Restaurant Brands International by 165.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator’s stock worth $74,802,000 after purchasing an additional 715,754 shares during the last quarter. Vanguard Group Inc. increased its stake in Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after buying an additional 421,873 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Restaurant Brands International by 848.9% during the 3rd quarter. Janus Henderson Group PLC now owns 370,973 shares of the restaurant operator’s stock valued at $26,756,000 after buying an additional 331,880 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QSR. Barclays dropped their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. CIBC reduced their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Morgan Stanley lowered their target price on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Truist Financial cut their price target on 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, TD Cowen lowered shares of 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.08.

Insider Buying and Selling

In other Restaurant Brands International news, CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,226 shares of company stock worth $19,121,223 in the last 90 days. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $67.76 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $77.64. 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 $22.17 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.77 and a beta of 0.72. The stock’s 50-day simple moving average is $65.38 and its 200-day simple moving average is $67.19.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released 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 fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.66%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 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.