Restaurant Brands International Inc. (NYSE:QSR) Stock Holdings Lowered by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,043 shares of the restaurant operator’s stock after selling 350 shares during the period. Sumitomo Life Insurance Co.’s holdings in Restaurant Brands International were worth $589,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% during the 3rd 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 during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International during the third quarter worth $61,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 567 shares during the period. Blue Trust Inc. lifted its holdings in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 0.8 %

NYSE:QSR opened at $62.47 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company’s 50 day moving average is $65.63 and its 200-day moving average is $68.64. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 2.04 and a beta of 0.94. Restaurant Brands International Inc. has a 12 month low of $59.85 and a 12 month high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 3.71%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insider Buying and Selling

In other news, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, 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. In the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on QSR. KeyCorp cut their price objective 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. Morgan Stanley lowered their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Citigroup dropped their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a research report on Thursday. Finally, Argus dropped their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Restaurant Brands International 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.