Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Baskin Financial Services Inc.

Baskin Financial Services Inc. boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 332,594 shares of the restaurant operator’s stock after purchasing an additional 9,208 shares during the period. Restaurant Brands International comprises approximately 1.7% of Baskin Financial Services Inc.’s portfolio, making the stock its 25th largest position. Baskin Financial Services Inc.’s holdings in Restaurant Brands International were worth $21,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after buying an additional 126,600 shares during the period. Avanza Fonder AB purchased a new position in Restaurant Brands International during the 4th quarter valued at about $1,299,000. Wellington Management Group LLP grew its position in Restaurant Brands International by 112.1% in the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock valued at $1,298,000 after acquiring an additional 9,496 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Restaurant Brands International during the third quarter worth about $257,000. Finally, SG Americas Securities LLC lifted its position in shares of Restaurant Brands International by 25.8% during the third quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 631 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 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 transaction of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 1.6 %

Shares of NYSE QSR opened at $61.48 on Monday. The business has a 50-day moving average price of $65.34 and a 200 day moving average price of $68.48. The stock has a market cap of $19.95 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.10 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 Inc. has a 52-week low of $59.85 and a 52-week high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently disclosed 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 3.77%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s payout ratio is currently 58.15%.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Argus cut their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. TD Cowen cut their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, CIBC reduced their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

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.