Addenda Capital Inc. Sells 35,913 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Addenda Capital Inc. trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,889 shares of the restaurant operator's stock after selling 35,913 shares during the period. Restaurant Brands International makes up 1.0% of Addenda Capital Inc.'s portfolio, making the stock its 25th biggest position. Addenda Capital Inc. owned 0.10% of Restaurant Brands International worth $21,984,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Baskin Financial Services Inc. raised its holdings in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock valued at $21,664,000 after acquiring an additional 9,208 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Restaurant Brands International by 4.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,599 shares of the restaurant operator's stock valued at $626,000 after buying an additional 416 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International in the 4th quarter worth about $74,000. Bleakley Financial Group LLC grew its holdings in shares of Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock worth $204,000 after purchasing an additional 161 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in Restaurant Brands International by 74.6% during the 4th quarter. Iridian Asset Management LLC CT now owns 107,983 shares of the restaurant operator's stock worth $7,038,000 after acquiring an additional 46,145 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QSR shares. TD Securities reiterated a "hold" rating and issued a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Citigroup reduced their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Oppenheimer lifted their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. CIBC lowered their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $75.91.

Restaurant Brands International Stock Up 0.0%

Restaurant Brands International stock traded up $0.01 during mid-day trading on Thursday, hitting $71.56. 682,724 shares of the company's stock were exchanged, compared to its average volume of 1,886,243. 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 stock has a market cap of $23.45 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.77 and a beta of 0.60. The stock has a 50 day moving average of $66.36 and a two-hundred day moving average of $65.93. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.07.

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

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.47%. Restaurant Brands International's payout ratio is presently 84.07%.

Insider Buying and Selling

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

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.