Restaurant Brands International Inc. $QSR Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management cut its Restaurant Brands International stake by 14.2%, selling 74,724 shares and retaining 451,380 shares worth approximately $32.2 million. Institutional investors collectively own 82.29% of QSR.
• RBI reported quarterly EPS of $1.10, exceeding the $1.08 consensus estimate, while revenue rose 3.1% year over year to $2.52 billion but fell short of the $2.55 billion forecast.
• The company declared a quarterly dividend of $0.65 per share, or $2.60 annually, representing a yield of about 3.6%. Analysts maintain a “Moderate Buy” consensus with an average price target of $83.92.

Cidel Asset Management Inc. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 451,380 shares of the restaurant operator's stock after selling 74,724 shares during the quarter. Restaurant Brands International makes up about 1.6% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Cidel Asset Management Inc. owned 0.13% of Restaurant Brands International worth $32,197,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EdgePoint Investment Group Inc. lifted its position in Restaurant Brands International by 16.2% during the 1st quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator's stock worth $1,432,015,000 after buying an additional 2,703,134 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Restaurant Brands International by 143.9% during the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator's stock worth $364,524,000 after buying an additional 2,910,454 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Restaurant Brands International by 4.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,583,329 shares of the restaurant operator's stock worth $180,116,000 after buying an additional 109,723 shares during the last quarter. London Co. of Virginia bought a new position in shares of Restaurant Brands International in the 1st quarter valued at about $147,967,000. Finally, Cullen Capital Management LLC bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $128,350,000. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.8%

Restaurant Brands International stock opened at $72.43 on Friday. The firm has a market capitalization of $25.26 billion, a PE ratio of 16.84, a P/E/G ratio of 2.12 and a beta of 0.52. The company's 50-day moving average is $74.62 and its 200-day moving average is $73.94. Restaurant Brands International Inc. has a fifty-two week low of $64.52 and a fifty-two week high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.02. Restaurant Brands International had a net margin of 15.35% and a return on equity of 33.89%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $1.03 EPS. Restaurant Brands International's revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 22nd. Restaurant Brands International's payout ratio is 69.89%.

Analysts Set New Price Targets

QSR has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on Restaurant Brands International from $80.00 to $79.00 and set a "neutral" rating on the stock in a report on Monday, October 19th. JPMorgan Chase & Co. decreased their price target on Restaurant Brands International from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Tuesday, September 29th. Robert W. Baird boosted their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 24th. Seaport Research Partners started coverage on Restaurant Brands International in a research note on Wednesday, September 16th. They set a "buy" rating and a $88.00 price objective on the stock. Finally, Evercore reissued an "outperform" rating and issued a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of "Moderate Buy" and an average target price of $83.92.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider owned 209,908 shares in the company, valued at $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by company insiders.

Key Stories Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Adjusted earnings beat estimates. QSR reported quarterly EPS of $1.10, ahead of the $1.08 consensus estimate and up from $1.03 a year earlier. Revenue increased approximately 3.1% year over year to about $2.52 billion. Restaurant Brands Beats Q3 Earnings Estimates
• Positive Sentiment: Burger King’s U.S. turnaround is gaining traction. U.S. comparable sales rose 8.4%, helped by promotional deals and stronger customer traffic. Consolidated system-wide sales grew 6.2%, while international comparable sales increased 3.9%. Restaurant Brands Reports Mixed Results
• Positive Sentiment: Management maintained its 2026 outlook. RBI remains on track for 8% organic adjusted operating-income growth and said it has returned $1.3 billion to shareholders through dividends and share repurchases year to date. RBI Reports Third Quarter 2026 Results
• Positive Sentiment: The quarterly dividend was maintained at $0.65 per share, equivalent to $2.60 annually and an indicated yield of about 3.6%. The dividend is payable January 5 to shareholders of record December 22.
• Neutral Sentiment: TD Cowen reaffirmed its Hold rating while setting a $78 price target, implying potential upside from the referenced share price but signaling limited conviction in the near-term risk/reward balance.
• Negative Sentiment: Revenue missed expectations. Quarterly revenue of approximately $2.52 billion came in below analysts’ $2.55 billion forecast. The shortfall appears to have outweighed the EPS beat for investors, explaining the weaker stock reaction despite Burger King’s strong comparable-sales performance. Restaurant Brands Slips After Earnings

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.

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