Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 23.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 120,000 shares of the restaurant operator’s stock after selling 37,000 shares during the period. Forsta AP Fonden’s holdings in Restaurant Brands International were worth $7,817,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International during the third quarter worth $61,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 567 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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. Finally, GAMMA Investing LLC raised its stake in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 704 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 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 value of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on QSR shares. Morgan Stanley dropped their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. TD Cowen cut their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Citigroup decreased their target price on shares of Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Restaurant Brands International Trading Up 0.8 %

Shares of QSR opened at $62.47 on Friday. Restaurant Brands International Inc. has a 52-week low of $59.85 and a 52-week high of $83.29. The stock has a market cap of $20.27 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The firm’s fifty day moving average is $65.63 and its two-hundred day moving average is $68.64. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.71%. Restaurant Brands International’s payout ratio is presently 58.15%.

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.