Lincluden Management Ltd. Sells 22,387 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. lessened its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,179 shares of the restaurant operator’s stock after selling 22,387 shares during the quarter. Restaurant Brands International comprises approximately 2.0% of Lincluden Management Ltd.’s holdings, making the stock its 16th largest position. Lincluden Management Ltd. owned about 0.08% of Restaurant Brands International worth $17,991,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QSR. Bleakley Financial Group LLC grew its holdings in Restaurant Brands International by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 154 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Restaurant Brands International by 4.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 160 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares during the period. Chase Investment Counsel Corp grew its position in shares of Restaurant Brands International by 5.2% in the first quarter. Chase Investment Counsel Corp now owns 5,043 shares of the restaurant operator’s stock valued at $400,000 after purchasing an additional 247 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Restaurant Brands International by 2.8% in the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Restaurant Brands International Trading Down 0.7 %

NYSE:QSR opened at $69.59 on Friday. The firm has a market capitalization of $22.53 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.09 and a beta of 0.94. The business’s 50-day moving average price is $70.28 and its two-hundred day moving average price is $70.59. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. Restaurant Brands International Inc. has a 1-year low of $65.51 and a 1-year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. On average, equities analysts expect that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. TD Cowen restated a “buy” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Thursday, September 12th. Oppenheimer dropped their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.15.

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.