Galibier Capital Management Ltd. Has $10.79 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Galibier Capital Management Ltd. trimmed its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 43.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,810 shares of the restaurant operator's stock after selling 125,723 shares during the quarter. Restaurant Brands International makes up approximately 3.4% of Galibier Capital Management Ltd.'s portfolio, making the stock its 15th largest position. Galibier Capital Management Ltd.'s holdings in Restaurant Brands International were worth $10,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC boosted 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 worth $26,000 after buying an additional 200 shares during the period. HM Payson & Co. acquired a new position in shares of Restaurant Brands International in the first quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International in the fourth quarter worth about $32,000. Private Trust Co. NA boosted its holdings in shares of Restaurant Brands International by 96.6% in the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on QSR shares. Guggenheim raised their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Wells Fargo & Company decreased their price target on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. UBS Group decreased their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating and set a $75.00 price target for the company in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $75.82.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR traded down $0.40 during trading on Friday, reaching $67.35. The stock had a trading volume of 1,865,758 shares, compared to its average volume of 2,106,108. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.00 and a beta of 0.58. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The stock has a fifty day simple moving average of $68.53 and a two-hundred day simple moving average of $65.68.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $0.73 EPS. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.68%. Restaurant Brands International's payout ratio is 84.07%.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider owned 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company's stock.

About Restaurant Brands International

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.