Lincluden Management Ltd. Boosts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. lifted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,340 shares of the restaurant operator's stock after acquiring an additional 13,627 shares during the quarter. Restaurant Brands International accounts for approximately 2.2% of Lincluden Management Ltd.'s investment portfolio, making the stock its 15th largest holding. Lincluden Management Ltd. owned approximately 0.08% of Restaurant Brands International worth $17,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors lifted its holdings in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after purchasing an additional 841,167 shares in the last quarter. Vanguard Group Inc. lifted its stake in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock valued at $858,101,000 after buying an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Restaurant Brands International by 26.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the period. Norges Bank acquired a new position in Restaurant Brands International during the fourth quarter worth $264,813,000. Finally, Meritage Group LP boosted its position in Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the firm'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 owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Down 0.7%

Shares of NYSE QSR traded down $0.51 during midday trading on Friday, hitting $69.52. The stock had a trading volume of 1,800,333 shares, compared to its average volume of 3,374,319. The company's 50-day simple moving average is $68.72 and its 200 day simple moving average is $65.97. The firm has a market cap of $22.78 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.18 and a beta of 0.58. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.96 and a quick ratio of 0.90.

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

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders 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 yield of 3.57%. Restaurant Brands International's dividend payout ratio is 84.07%.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent analyst reports. Citigroup reduced their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Melius began coverage on Restaurant Brands International in a research report on Monday, July 14th. They set a "buy" rating and a $90.00 price objective for the company. Scotiabank raised Restaurant Brands International to a "hold" rating and set a $75.00 target price on the stock in a research report on Wednesday, June 18th. Guggenheim upped their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Finally, Oppenheimer lifted their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has a consensus rating of "Hold" and a consensus price target of $75.65.

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.