Gateway Investment Advisers LLC Sells 13,021 Shares of Restaurant Brands International Inc. $QSR

Gateway Investment Advisers LLC reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 29.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,199 shares of the restaurant operator’s stock after selling 13,021 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Restaurant Brands International were worth $2,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Restaurant Brands International by 11.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator’s stock valued at $5,355,000 after purchasing an additional 7,988 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Restaurant Brands International in the 2nd quarter valued at $1,090,000. Mn Services Vermogensbeheer B.V. raised its position in Restaurant Brands International by 8.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 116,300 shares of the restaurant operator’s stock valued at $7,699,000 after buying an additional 8,900 shares during the last quarter. Baupost Group LLC MA lifted its stake in Restaurant Brands International by 4.2% during the 2nd quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock valued at $268,445,000 after acquiring an additional 163,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Restaurant Brands International by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock worth $32,213,000 after acquiring an additional 30,741 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Axel Schwan sold 5,860 shares of Restaurant Brands International stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $415,298.20. Following the completion of the sale, the insider owned 159,757 shares of the company’s stock, valued at approximately $11,321,978.59. This trade represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 5,315 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $376,674.05. Following the completion of the sale, the insider owned 460,626 shares in the company, valued at $32,644,564.62. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 131,807 shares of company stock valued at $9,308,973. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $67.80 on Monday. The company has a market capitalization of $22.24 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $73.70. The company has a 50-day simple moving average of $69.44 and a 200 day simple moving average of $67.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is 88.26%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on QSR shares. Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a report on Tuesday, October 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Scotiabank lifted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Finally, Robert W. Baird boosted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Restaurant Brands International has an average rating of “Hold” and a consensus price target of $75.45.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.