Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,695,647 shares of the restaurant operator’s stock after selling 48,973 shares during the quarter. Fiera Capital Corp owned about 1.14% of Restaurant Brands International worth $240,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in QSR. National Bank of Canada FI grew its stake in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Restaurant Brands International by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after acquiring an additional 118,721 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Restaurant Brands International by 16.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after purchasing an additional 307,791 shares during the last quarter. Canoe Financial LP boosted its stake in Restaurant Brands International by 7.4% during the 3rd quarter. Canoe Financial LP now owns 2,028,349 shares of the restaurant operator’s stock valued at $144,675,000 after purchasing an additional 139,335 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Restaurant Brands International by 282.6% in the 3rd 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 last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR stock opened at $65.67 on Thursday. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The firm has a 50-day moving average of $64.51 and a two-hundred day moving average of $68.10. The firm has a market capitalization of $21.31 billion, a PE ratio of 16.46, a P/E/G ratio of 2.17 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

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 the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. On average, analysts forecast that Restaurant Brands International Inc. will post 3.3 earnings per share for the current year.

Insider Activity

In other news, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated 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 in the company, valued at $45,161,169. This represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock worth $7,774,020 over the last quarter. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating on the stock in a report on Thursday, January 30th. TD Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Wednesday. Argus lowered their price target 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. Oppenheimer reduced their price objective 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. Finally, Royal Bank of Canada decreased their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.33.

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.