Syon Capital LLC Reduces Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Syon Capital LLC cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,094 shares of the restaurant operator’s stock after selling 185 shares during the quarter. Syon Capital LLC’s holdings in Restaurant Brands International were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Spartan Fund Management Inc. grew its holdings in shares of Restaurant Brands International by 21.7% in the fourth quarter. Spartan Fund Management Inc. now owns 3,650 shares of the restaurant operator’s stock worth $238,000 after acquiring an additional 650 shares during the period. Hsbc Holdings PLC grew its stake in shares of Restaurant Brands International by 33.9% during the 4th quarter. Hsbc Holdings PLC now owns 122,465 shares of the restaurant operator’s stock valued at $7,977,000 after purchasing an additional 31,018 shares during the period. Stifel Financial Corp grew its stake in shares of Restaurant Brands International by 2.9% during the 4th quarter. Stifel Financial Corp now owns 17,536 shares of the restaurant operator’s stock valued at $1,143,000 after purchasing an additional 487 shares during the period. State of Tennessee Department of Treasury increased its position in shares of Restaurant Brands International by 0.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 182,076 shares of the restaurant operator’s stock valued at $11,861,000 after purchasing an additional 686 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Restaurant Brands International by 207.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the restaurant operator’s stock worth $261,000 after purchasing an additional 2,702 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Transactions at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now owns 45,248 shares of the company’s stock, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reduced 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 report on Thursday, February 13th. CIBC reduced their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Truist Financial reduced their target price on shares of Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Guggenheim increased their price target on Restaurant Brands International from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $76.25.

Restaurant Brands International Trading Up 0.4 %

Shares of NYSE QSR opened at $62.81 on Friday. The stock has a market capitalization of $20.58 billion, a P/E ratio of 19.75, a PEG ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The business’s 50 day moving average is $64.88 and its two-hundred day moving average is $66.17. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

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 net margin of 12.15% and a return on equity of 28.53%. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.62 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.95%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. 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.