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

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QSR. Bleakley Financial Group LLC raised its holdings in Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after purchasing an additional 161 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $74,000. Stratos Wealth Partners LTD. raised its stake in Restaurant Brands International by 4.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,599 shares of the restaurant operator’s stock worth $626,000 after buying an additional 416 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in Restaurant Brands International by 2.8% in the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after buying an additional 9,208 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its position in Restaurant Brands International by 5.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,039 shares of the restaurant operator’s stock valued at $459,000 after acquiring an additional 343 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction dated 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 in the company, valued at $26,968,211.83. The trade was a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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. This trade represents a 9.63 % 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 three months. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $67.01 on Wednesday. The stock’s 50-day simple moving average is $64.58 and its two-hundred day simple moving average is $68.11. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The firm has a market capitalization of $21.74 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent analyst reports. CIBC decreased their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Citigroup reduced their target price on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus cut their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada decreased their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

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.