Restaurant Brands International Inc. (NYSE:QSR) Stock Holdings Trimmed by Bessemer Group Inc.

Bessemer Group Inc. lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 95.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 419 shares of the restaurant operator’s stock after selling 9,210 shares during the quarter. Bessemer Group Inc.’s holdings in Restaurant Brands International were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Inkwell Capital LLC bought a new position in Restaurant Brands International during the fourth quarter worth $3,370,000. Summerhill Capital Management lnc. bought a new position in shares of Restaurant Brands International in the 4th quarter worth about $841,000. Baskin Financial Services Inc. lifted its position in shares of Restaurant Brands International by 2.8% in the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after buying an additional 9,208 shares during the last quarter. Aviso Financial Inc. boosted its holdings in shares of Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock valued at $61,384,000 after buying an additional 37,241 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QSR shares. Robert W. Baird decreased their target price on Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. TD Securities restated a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Truist Financial reduced their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Jefferies Financial Group cut their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.58.

Insider Activity

In other Restaurant Brands International news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52. Following the transaction, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction on 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 owns 848,578 shares of the company’s stock, valued at $52,908,838.30. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock valued at $17,740,281 over the last three months. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR opened at $63.23 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm’s 50 day moving average is $65.10 and its 200-day moving average is $66.44. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $77.24. The stock has a market capitalization of $20.71 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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%. 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 announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.92%. Restaurant Brands International’s payout ratio is 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.