Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 241,713 shares of the restaurant operator’s stock after selling 7,466 shares during the period. Restaurant Brands International makes up approximately 1.9% of Lincluden Management Ltd.’s investment portfolio, making the stock its 15th largest position. Lincluden Management Ltd.’s holdings in Restaurant Brands International were worth $15,754,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC boosted its position in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares during the period. IFP Advisors Inc lifted its stake in Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 412 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Restaurant Brands International during the 3rd quarter valued at about $61,000. Finally, Crewe Advisors LLC acquired a new position in Restaurant Brands International in the 4th quarter valued at about $74,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 directly owns 27,266 shares in the company, valued at $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 in the last quarter. 1.36% of the stock is owned by insiders.

Analysts Set New Price Targets

QSR has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Truist Financial reduced their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Barclays dropped their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced 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. Finally, TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.96.

Restaurant Brands International Trading Up 2.4 %

Shares of Restaurant Brands International stock opened at $63.82 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a fifty day simple moving average of $63.58 and a 200-day simple moving average of $67.72. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data 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%. On average, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.89%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Restaurant Brands International Company 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.