Addenda Capital Inc. Sells 12,750 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Addenda Capital Inc. lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 365,802 shares of the restaurant operator's stock after selling 12,750 shares during the period. Restaurant Brands International makes up about 1.1% of Addenda Capital Inc.'s portfolio, making the stock its 26th largest holding. Addenda Capital Inc. owned approximately 0.11% of Restaurant Brands International worth $23,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the 3rd quarter valued at approximately $61,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Restaurant Brands International by 74.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock worth $86,000 after acquiring an additional 567 shares during the period. Blue Trust Inc. boosted its position in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after acquiring an additional 704 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares in the company, valued at $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QSR shares. Citigroup upped their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Evercore ISI dropped their price objective on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. TD Cowen decreased their target price on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. CIBC dropped their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.08.

Restaurant Brands International Trading Up 0.6 %

Shares of NYSE QSR traded up $0.34 during midday trading on Tuesday, reaching $60.82. The stock had a trading volume of 3,464,443 shares, compared to its average volume of 1,820,929. The company's 50 day moving average price is $66.58 and its 200 day moving average price is $69.06. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a twelve month low of $60.03 and a twelve month high of $83.29. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.81%. Restaurant Brands International's payout ratio is 58.15%.

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.