Fiera Capital Corp Sells 48,973 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Fiera Capital Corp cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,695,647 shares of the restaurant operator’s stock after selling 48,973 shares during the quarter. Fiera Capital Corp’s holdings in Restaurant Brands International were worth $240,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Restaurant Brands International during the third quarter worth $61,000. Crewe Advisors LLC bought a new position in Restaurant Brands International during the fourth quarter valued at about $74,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after buying an additional 567 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $65.67 on Thursday. The business has a 50 day simple moving average of $64.51 and a 200 day simple moving average of $68.10. 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 company has a market capitalization of $21.31 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QSR shares. Jefferies Financial Group cut their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Securities reissued a “buy” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of 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 dropped their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Insider Activity at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock valued at $7,774,020 in the last ninety days. 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.