Wellington Management Group LLP Has $1.10 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Wellington Management Group LLP cut its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.7% during the fourth quarter, HoldingsChannel reports. The fund owned 16,935 shares of the restaurant operator’s stock after selling 1,030 shares during the quarter. Wellington Management Group LLP’s holdings in Restaurant Brands International were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QSR. Bleakley Financial Group LLC grew its stake in Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 161 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 180 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after buying an additional 210 shares in the last quarter. Signaturefd LLC increased its holdings in Restaurant Brands International by 3.2% in the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock worth $436,000 after buying an additional 210 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Restaurant Brands International by 5.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator’s stock worth $319,000 after buying an additional 233 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $62.88 on Monday. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.24. The company has a market capitalization of $20.58 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.77 and a beta of 0.72. The stock has a 50 day moving average of $65.31 and a two-hundred day moving average of $66.69. 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 quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.94%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is presently 77.99%.

Insider Buying and Selling

In other news, 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 value 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. This represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joshua Kobza sold 93,619 shares of the firm’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 value of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 278,716 shares of company stock valued at $17,740,281 over the last quarter. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on QSR. JPMorgan Chase & Co. dropped their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. CIBC lowered their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group cut their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Morgan Stanley decreased their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Barclays cut their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.63.

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.