Ameriprise Financial Inc. Sells 4,126 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Ameriprise Financial Inc. trimmed its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,984 shares of the restaurant operator’s stock after selling 4,126 shares during the quarter. Ameriprise Financial Inc.’s holdings in Restaurant Brands International were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of QSR. Venturi Wealth Management LLC increased its position in shares of 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 position in shares of Restaurant Brands International in the fourth quarter worth $32,000. IFP Advisors Inc grew its stake in shares of 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 purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $60,000. Finally, Capital Analysts LLC lifted its position in shares of Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 186 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Trading Up 0.9%

Shares of Restaurant Brands International stock opened at $70.07 on Monday. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 22.04, a PEG 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. The firm’s 50 day simple moving average is $65.70 and its two-hundred day simple moving average is $65.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.54%. Restaurant Brands International’s payout ratio is currently 84.07%.

Insider Buying and Selling

In related news, insider Jeffrey Housman sold 14,593 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the transaction, the insider now owns 142,986 shares of the company’s stock, valued at approximately $9,205,438.68. This represents a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 in the company, 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. Over the last three months, insiders have sold 150,646 shares of company stock worth $9,753,039. 1.36% of the stock is owned by insiders.

Analysts Set New Price Targets

QSR has been the topic of a number of research reports. TD Cowen cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Robert W. Baird reduced their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Wells Fargo & Company cut their target price on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities reaffirmed a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. One 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 stock. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and a consensus target price of $75.65.

Restaurant Brands International 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.