Lincluden Management Ltd. Sells 7,466 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,713 shares of the restaurant operator’s stock after selling 7,466 shares during the quarter. Restaurant Brands International makes up about 1.9% of Lincluden Management Ltd.’s portfolio, making the stock its 15th biggest position. Lincluden Management Ltd. owned approximately 0.07% of Restaurant Brands International worth $15,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiera Capital Corp boosted its position in Restaurant Brands International by 6.5% during the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after purchasing an additional 227,203 shares in the last quarter. National Bank of Canada FI boosted its stake in Restaurant Brands International by 68.6% in 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 acquiring an additional 1,294,185 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Restaurant Brands International by 4.2% during the third quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after purchasing an additional 118,721 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Restaurant Brands International by 16.2% during 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. Finally, Canoe Financial LP grew 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 worth $144,675,000 after buying an additional 139,335 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR stock opened at $63.82 on Tuesday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. 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 has a market capitalization of $20.70 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The business has a 50 day simple moving average of $63.58 and a 200-day simple moving average of $67.72.

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

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QSR. Morgan Stanley lowered their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada cut their price target on shares of 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. Evercore ISI lowered their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. KeyCorp dropped their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Oppenheimer reduced their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Insiders Place Their Bets

In related news, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction 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 completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 over the last ninety days. Company insiders own 1.36% of the company’s stock.

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.