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

Assenagon Asset Management S.A. cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 85.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,358 shares of the restaurant operator’s stock after selling 19,217 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Restaurant Brands International were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after buying an additional 10,855 shares during the last quarter. APG Asset Management N.V. grew its position in Restaurant Brands International by 191.8% during the 2nd quarter. APG Asset Management N.V. now owns 38,034 shares of the restaurant operator’s stock worth $2,499,000 after acquiring an additional 25,000 shares during the last quarter. JCP Investment Management LLC grew its position in Restaurant Brands International by 5.7% during the 2nd quarter. JCP Investment Management LLC now owns 130,000 shares of the restaurant operator’s stock worth $9,148,000 after acquiring an additional 7,000 shares during the last quarter. Creative Planning increased its holdings in Restaurant Brands International by 1.2% during the 2nd quarter. Creative Planning now owns 62,040 shares of the restaurant operator’s stock valued at $4,366,000 after purchasing an additional 759 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Restaurant Brands International by 37.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,637 shares of the restaurant operator’s stock valued at $3,704,000 after purchasing an additional 14,296 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $62.09 on Friday. The company has a 50-day simple moving average of $66.06 and a two-hundred day simple moving average of $68.83. Restaurant Brands International Inc. has a 12-month low of $59.85 and a 12-month high of $83.29. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.04 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.74%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,510 shares of company stock worth $7,774,020. 1.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Evercore ISI cut their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. KeyCorp lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. 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 research report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One equities research 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’s stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average price target of $80.96.

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.