Galibier Capital Management Ltd. Trims Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Galibier Capital Management Ltd. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,752 shares of the restaurant operator's stock after selling 24,506 shares during the period. Restaurant Brands International accounts for about 7.7% of Galibier Capital Management Ltd.'s holdings, making the stock its 6th biggest position. Galibier Capital Management Ltd. owned approximately 0.12% of Restaurant Brands International worth $29,502,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Restaurant Brands International in the third quarter worth about $5,619,000. Vanguard Group Inc. grew its stake in Restaurant Brands International by 1.8% during the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator's stock valued at $784,853,000 after acquiring an additional 203,594 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Restaurant Brands International by 47.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator's stock worth $26,914,000 after buying an additional 129,713 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Restaurant Brands International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 863,765 shares of the restaurant operator's stock worth $57,666,000 after acquiring an additional 13,857 shares during the last quarter. Finally, Pacifica Partners Inc. lifted its holdings in shares of Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock worth $27,000 after acquiring an additional 245 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Trading Down 1.6 %

Shares of NYSE:QSR traded down $1.24 on Wednesday, hitting $76.69. 2,077,384 shares of the company's stock were exchanged, compared to its average volume of 1,442,159. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. The business's 50 day simple moving average is $78.28 and its two-hundred day simple moving average is $73.45. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Analysts anticipate that Restaurant Brands International Inc. will post 3.4 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be issued a $0.58 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, March 20th. Restaurant Brands International's payout ratio is presently 61.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QSR shares. Oppenheimer upped their price objective on shares of Restaurant Brands International from $83.00 to $89.00 and gave the stock an "outperform" rating in a report on Friday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Evercore ISI upped their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Stifel Nicolaus upped their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets upped their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.30.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the transaction, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Joshua Kobza sold 161,353 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 2,682 shares of the business's stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $76.55, for a total value of $205,307.10. Following the completion of the transaction, the insider now directly owns 23,322 shares of the company's stock, valued at $1,785,299.10. The disclosure for this sale can be found here. Insiders sold 408,792 shares of company stock worth $31,016,900 over the last three months. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International 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.