Arvest Investments Inc. Sells 1,351 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Arvest Investments Inc. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,099 shares of the restaurant operator’s stock after selling 1,351 shares during the quarter. Arvest Investments Inc.’s holdings in Restaurant Brands International were worth $1,115,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its position in Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Restaurant Brands International by 16.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock worth $159,251,000 after purchasing an additional 307,791 shares during the period. Point72 Asset Management L.P. boosted its position in Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the period. Geode Capital Management LLC boosted its position in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Restaurant Brands International by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,331,392 shares of the restaurant operator’s stock worth $86,780,000 after purchasing an additional 68,456 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Up 0.3 %

Shares of QSR opened at $68.07 on Thursday. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $81.27. 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 firm’s 50 day simple moving average is $64.02 and its 200 day simple moving average is $67.27. The company has a market capitalization of $22.12 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This represents a 44.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 287,726 shares of company stock worth $18,269,723 over the last ninety days. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday. CIBC cut their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, TD Securities reissued a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

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.