Assenagon Asset Management S.A. Sells 19,217 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Assenagon Asset Management S.A. reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 85.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,358 shares of the restaurant operator’s stock after selling 19,217 shares during the period. Assenagon Asset Management S.A.’s holdings in Restaurant Brands International were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $61,000. Blue Trust Inc. boosted its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Restaurant Brands International by 67.0% in the third 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. The trade was a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 12,420 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 $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock worth $7,774,020 over the last quarter. 1.36% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Oppenheimer lowered their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. TD Cowen decreased their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada reduced their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.96.

Restaurant Brands International Stock Up 0.9 %

Shares of NYSE:QSR opened at $62.09 on Friday. Restaurant Brands International Inc. has a 12-month low of $59.85 and a 12-month high of $83.29. 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 firm has a market cap of $20.14 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a fifty day simple moving average of $66.06 and a 200 day simple moving average of $68.83.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) 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.