Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,132 shares of the restaurant operator’s stock after selling 75,495 shares during the quarter. Artemis Investment Management LLP’s holdings in Restaurant Brands International were worth $9,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International in the 3rd quarter valued at about $61,000. Blue Trust Inc. boosted its stake in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 768 shares during the period. GAMMA Investing LLC grew its position in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Restaurant Brands International by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 0.0 %

Shares of QSR stock opened at $60.48 on Monday. Restaurant Brands International Inc. has a 1-year low of $60.03 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s fifty day moving average price is $66.73 and its 200 day moving average price is $69.13. The firm has a market capitalization of $19.59 billion, a PE ratio of 15.16, a P/E/G ratio of 1.81 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on QSR shares. Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. KeyCorp dropped 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. Oppenheimer decreased their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Citigroup increased their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.46.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 12,420 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. This trade represents 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 Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,510 shares of company stock worth $7,774,020. 1.36% of the stock is owned by company insiders.

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.