Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,194,940 shares of the restaurant operator’s stock after selling 450,183 shares during the quarter. Mackenzie Financial Corp’s holdings in Restaurant Brands International were worth $273,123,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in QSR. Public Employees Retirement System of Ohio boosted its stake in shares of Restaurant Brands International by 110.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock worth $3,510,000 after buying an additional 28,248 shares during the period. Burgundy Asset Management Ltd. increased its position in Restaurant Brands International by 0.4% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock worth $76,006,000 after purchasing an additional 4,464 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of Restaurant Brands International by 29.2% in the 4th quarter. Vise Technologies Inc. now owns 4,734 shares of the restaurant operator’s stock valued at $309,000 after purchasing an additional 1,071 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Restaurant Brands International by 967.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator’s stock worth $70,793,000 after purchasing an additional 985,615 shares during the period. Finally, Waverly Advisors LLC grew its position in Restaurant Brands International by 19.5% in the fourth quarter. Waverly Advisors LLC now owns 5,606 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 915 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.9%

NYSE QSR opened at $70.07 on Friday. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.77 and a beta of 0.60. 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 Inc. has a twelve month low of $58.71 and a twelve month high of $75.07. The stock’s 50-day simple moving average is $65.70 and its two-hundred day simple moving average is $65.74.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International’s payout ratio is currently 84.07%.

Analysts Set New Price Targets

QSR has been the topic of a number of research analyst reports. Guggenheim increased their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Barclays decreased their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and a consensus price target of $75.65.

Insider Buying and Selling

In related news, insider Jeffrey Housman sold 14,593 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the completion of the transaction, the insider now directly owns 142,986 shares in the company, valued at approximately $9,205,438.68. The trade was a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 72,720 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $4,681,713.60. Following the sale, the chief executive officer now directly owns 961,295 shares in the company, valued at $61,888,172.10. This trade represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,646 shares of company stock worth $9,753,039. 1.36% of the stock is owned by insiders.

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.