Artemis Investment Management LLP Decreases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Artemis Investment Management LLP lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.9% during the fourth quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Avanza Fonder AB purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $1,299,000. Wealth Enhancement Advisory Services LLC boosted its holdings in 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 worth $325,000 after acquiring an additional 210 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $378,000. Arvest Bank Trust Division purchased a new position in Restaurant Brands International in the 3rd quarter valued at about $12,053,000. Finally, Toronto Dominion Bank increased its position in shares of Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock worth $62,327,000 after acquiring an additional 4,702 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the company’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 transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,510 shares of company stock valued at $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QSR shares. Royal Bank of Canada reduced their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. TD Cowen decreased their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. CIBC decreased their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer cut their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.46.

Restaurant Brands International Price Performance

NYSE QSR opened at $60.48 on Monday. Restaurant Brands International Inc. has a 12 month low of $60.03 and a 12 month high of $83.29. 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. The company’s 50 day simple moving average is $66.73 and its 200 day simple moving average is $69.13. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Announces Dividend

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

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.