Lincluden Management Ltd. Sells 66,354 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. lessened its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,935 shares of the restaurant operator's stock after selling 66,354 shares during the quarter. Restaurant Brands International accounts for 2.6% of Lincluden Management Ltd.'s investment portfolio, making the stock its 13th largest position. Lincluden Management Ltd. owned approximately 0.09% of Restaurant Brands International worth $21,791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pacifica Partners Inc. raised its stake in shares of Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock worth $27,000 after buying an additional 245 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $30,000. Montag A & Associates Inc. purchased a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $30,000. Finally, Fifth Third Bancorp raised its position in shares of Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 0.5 %

Shares of QSR traded down $0.36 during midday trading on Friday, reaching $73.24. 3,821,462 shares of the company were exchanged, compared to its average volume of 1,683,147. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The stock has a 50-day moving average price of $76.28 and a 200-day moving average price of $74.90. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 2.23 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. Restaurant Brands International's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Research analysts expect that Restaurant Brands International Inc. will post 3.34 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, June 21st. Restaurant Brands International's payout ratio is 59.79%.

Insiders Place Their Bets

In other news, CEO Joshua Kobza sold 36,371 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The disclosure for this sale can be found here. Insiders have sold 634,933 shares of company stock worth $47,972,876 in the last quarter. 1.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of analyst reports. Robert W. Baird increased their target price on Restaurant Brands International from $76.00 to $82.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Royal Bank of Canada cut their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. BMO Capital Markets raised their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. boosted 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. Finally, KeyCorp upped their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.56.

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.