Sumitomo Mitsui DS Asset Management Company Ltd Sells 350 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,043 shares of the restaurant operator’s stock after selling 350 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Restaurant Brands International were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $61,000. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $74,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 acquiring an additional 567 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 1.0 %

Shares of QSR opened at $67.01 on Wednesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29. The firm has a market cap of $21.74 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.17 and a beta of 0.93. The business’s fifty day moving average is $64.58 and its 200-day moving average is $68.11.

Analyst Ratings Changes

QSR has been the topic of several research reports. CIBC decreased their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group decreased their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, TD Cowen dropped their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Insider Activity at Restaurant Brands International

In other news, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 over the last ninety days. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International 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.