Addenda Capital Inc. Reduces Stake in Restaurant Brands International Inc. (NYSE:QSR)

Addenda Capital Inc. lowered its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 329,889 shares of the restaurant operator's stock after selling 35,913 shares during the period. Restaurant Brands International accounts for about 1.0% of Addenda Capital Inc.'s holdings, making the stock its 25th biggest position. Addenda Capital Inc. owned approximately 0.10% of Restaurant Brands International worth $21,984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QSR. Dunhill Financial LLC lifted its holdings in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $32,000. IFP Advisors Inc lifted its holdings in shares of Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after buying an additional 412 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $60,000. Institutional investors own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider now owns 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Down 0.4%

Shares of QSR traded down $0.28 on Tuesday, hitting $71.72. The company's stock had a trading volume of 1,475,614 shares, compared to its average volume of 1,890,438. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm's fifty day moving average price is $66.16 and its 200-day moving average price is $65.85. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company posted $0.73 earnings per share. The business's revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a $0.62 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.46%. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

Analyst Ratings Changes

QSR has been the subject of several research analyst reports. Citigroup dropped their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. TD Securities reaffirmed a "hold" rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 25th. Finally, Truist Financial dropped their price objective on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.91.

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.