Restaurant Brands International Inc. (NYSE:QSR) Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,194,940 shares of the restaurant operator's stock after selling 450,183 shares during the quarter. Mackenzie Financial Corp owned approximately 1.29% of Restaurant Brands International worth $273,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inkwell Capital LLC acquired a new stake in Restaurant Brands International during the 4th quarter worth $3,370,000. Summerhill Capital Management lnc. acquired a new stake in Restaurant Brands International during the 4th quarter worth $841,000. Aviso Financial Inc. raised its stake in Restaurant Brands International by 4.1% during the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock worth $61,384,000 after acquiring an additional 37,241 shares in the last quarter. Baskin Financial Services Inc. grew its position in Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after purchasing an additional 9,208 shares during the last quarter. Finally, Baupost Group LLC MA grew its position in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded up $1.53 during midday trading on Tuesday, hitting $71.60. 3,747,523 shares of the company's stock were exchanged, compared to its average volume of 1,882,167. 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 stock's 50 day moving average price is $65.74 and its 200-day moving average price is $65.72. The firm has a market cap of $23.46 billion, a P/E ratio of 22.52, a PEG ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month 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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $0.73 EPS. Restaurant Brands International's revenue was up 21.3% compared to the same quarter last year. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend 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 is presently 84.07%.

Analysts Set New Price Targets

QSR has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Oppenheimer lifted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Guggenheim lifted their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, April 4th. Finally, Truist Financial lowered their target price on shares of Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $75.78.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 27,500 shares of the firm's stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 12,500 shares of Restaurant Brands International stock in a transaction that occurred 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 transaction, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.36% of the company's stock.

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.