Redwood Investment Management LLC Sells 2,957 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Redwood Investment Management LLC decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,496 shares of the restaurant operator’s stock after selling 2,957 shares during the quarter. Redwood Investment Management LLC’s holdings in Restaurant Brands International were worth $2,379,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC increased its position in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Venturi Wealth Management LLC grew its position in 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 buying an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International during the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its position in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International in the fourth quarter worth approximately $60,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $67.86 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock’s fifty day moving average price is $65.29 and its 200-day moving average price is $65.73. The firm has a market cap of $22.23 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio (DPR) is 84.07%.

Insider Buying and Selling

In other Restaurant Brands International news, 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 transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at approximately $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 over the last 90 days. Corporate insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

QSR has been the subject of a number of analyst reports. TD Securities restated a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. CIBC decreased their price objective on Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a report on Friday, May 9th. Jefferies Financial Group lowered their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus price target of $75.65.

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.