Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 90.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,109 shares of the restaurant operator’s stock after selling 2,598,497 shares during the quarter. Nuveen Asset Management LLC owned about 0.08% of Restaurant Brands International worth $17,270,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bleakley Financial Group LLC increased its holdings in shares of Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after acquiring an additional 161 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 163 shares in the last quarter. Waterfront Wealth Inc. lifted its position in Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after acquiring an additional 180 shares during the period. Capital Analysts LLC lifted its position in Restaurant Brands International by 24.3% during the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 186 shares during the period. Finally, Dunhill Financial LLC lifted its position in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $70.07 on Friday. The stock 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 twelve month low of $58.71 and a twelve month high of $75.07. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a 50-day moving average of $65.70 and a 200 day moving average of $65.73.

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

Restaurant Brands International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on QSR shares. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. TD Securities reaffirmed a “hold” rating and set a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group lowered their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.65.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 23,333 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $1,502,178.54. Following the completion of the sale, the chief financial officer now directly owns 91,766 shares in the company, valued at approximately $5,907,895.08. The trade was a 20.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joshua Kobza sold 72,720 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the sale, the chief executive officer now owns 961,295 shares of the company’s stock, valued at approximately $61,888,172.10. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 150,646 shares of company stock worth $9,753,039. Corporate insiders own 1.36% of the company’s stock.

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.