Redwood Investment Management LLC Reduces Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Redwood Investment Management LLC reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QSR. Quantinno Capital Management LP increased its holdings in shares of Restaurant Brands International by 133.4% during the fourth quarter. Quantinno Capital Management LP now owns 39,674 shares of the restaurant operator’s stock valued at $2,586,000 after acquiring an additional 22,674 shares in the last quarter. Man Group plc increased its stake in Restaurant Brands International by 282.8% during the 4th quarter. Man Group plc now owns 507,022 shares of the restaurant operator’s stock valued at $33,048,000 after purchasing an additional 374,568 shares in the last quarter. Letko Brosseau & Associates Inc. raised its holdings in shares of Restaurant Brands International by 2.2% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 458,730 shares of the restaurant operator’s stock worth $29,883,000 after buying an additional 10,055 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Restaurant Brands International by 15.1% during the fourth quarter. Janus Henderson Group PLC now owns 426,915 shares of the restaurant operator’s stock worth $27,827,000 after buying an additional 55,942 shares during the period. Finally, JCP Investment Management LLC grew its holdings in shares of Restaurant Brands International by 8.0% during the fourth quarter. JCP Investment Management LLC now owns 169,883 shares of the restaurant operator’s stock valued at $11,106,000 after buying an additional 12,600 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QSR has been the topic of several research reports. TD Securities reissued a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Jefferies Financial Group reduced their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Restaurant Brands International has an average rating of “Hold” and a consensus price target of $75.65.

Insider Buying and Selling

In related news, CFO Sami A. Siddiqui sold 18,477 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares in the company, valued at approximately $3,476,698.35. The trade was a 24.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. The trade was a 9.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,716 shares of company stock worth $17,740,281. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 0.0%

Shares of NYSE:QSR opened at $67.86 on Thursday. The business’s 50 day moving average price is $65.29 and its 200-day moving average price is $65.73. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. 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 posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared 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 is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio is presently 84.07%.

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.