Burney Co. Sells 2,880 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Burney Co. reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,404 shares of the restaurant operator’s stock after selling 2,880 shares during the period. Burney Co.’s holdings in Restaurant Brands International were worth $874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Restaurant Brands International by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 210 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Restaurant Brands International in the third quarter valued at $378,000. Arvest Bank Trust Division acquired a new position in Restaurant Brands International during the third quarter worth $12,053,000. Toronto Dominion Bank lifted its holdings in shares of Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock valued at $62,327,000 after acquiring an additional 4,702 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on QSR shares. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. KeyCorp reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Evercore ISI dropped their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Argus reduced their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, TD Cowen lowered their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $81.46.

Restaurant Brands International Stock Up 0.1 %

Shares of NYSE:QSR opened at $60.50 on Friday. The company has a 50 day moving average price of $67.04 and a two-hundred day moving average price of $69.26. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $19.59 billion, a PE ratio of 15.16, a PEG ratio of 1.81 and a beta of 0.94. Restaurant Brands International Inc. has a 52 week low of $60.03 and a 52 week high of $83.29.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s payout ratio is presently 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,510 shares of company stock worth $7,774,020. Corporate insiders own 1.36% of the company’s stock.

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.