Mackenzie Financial Corp Has $273.12 Million Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Mackenzie Financial Corp lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,194,940 shares of the restaurant operator's stock after selling 450,183 shares during the quarter. Mackenzie Financial Corp owned 1.29% of Restaurant Brands International worth $273,123,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock valued at $86,000 after buying an additional 567 shares in the last quarter. Lebenthal Global Advisors LLC lifted its stake in Restaurant Brands International by 5.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,039 shares of the restaurant operator's stock valued at $459,000 after buying an additional 343 shares in the last quarter. Baskin Financial Services Inc. lifted its stake in Restaurant Brands International by 2.8% in the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock valued at $21,664,000 after buying an additional 9,208 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Restaurant Brands International by 4.5% in the fourth 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. Finally, Crewe Advisors LLC bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

NYSE QSR traded up $0.20 on Wednesday, hitting $71.80. 1,826,581 shares of the stock were exchanged, compared to its average volume of 1,882,588. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business's fifty day moving average is $65.82 and its 200 day moving average is $65.76. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07. The company has a market capitalization of $23.52 billion, a PE ratio of 22.58, 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 released 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). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Restaurant Brands International's revenue for the quarter was up 21.3% on a year-over-year basis. Research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders 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 annualized dividend and a dividend yield of 3.45%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Duncan Fulton sold 27,500 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. This trade represents a 44.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup cut their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group cut their price target on shares of 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. Argus raised shares of 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 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, Oppenheimer boosted their price objective 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Restaurant Brands International currently has an average rating of "Hold" and a consensus target price of $75.78.

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.