Beutel Goodman & Co Ltd. Decreases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Beutel Goodman & Co Ltd. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,639,237 shares of the restaurant operator's stock after selling 505,847 shares during the period. Restaurant Brands International makes up approximately 2.0% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 18th largest position. Beutel Goodman & Co Ltd. owned about 1.74% of Restaurant Brands International worth $367,361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in QSR. Venturi Wealth Management LLC grew its position in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $32,000. IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 412 shares in the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International in the 4th quarter valued at approximately $74,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock worth $86,000 after purchasing an additional 567 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

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Insider Buying and Selling

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the transaction, the chief financial officer now owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. This trade represents a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction 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. The trade was a 44.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Trading Down 0.4 %

NYSE:QSR traded down $0.28 during trading hours on Wednesday, reaching $66.89. 526,759 shares of the company were exchanged, compared to its average volume of 1,772,376. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.77 and a beta of 0.72. The stock has a 50 day simple moving average of $65.13 and a 200 day simple moving average of $67.18. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $78.40. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QSR. CIBC dropped their price target on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus cut their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, January 10th. Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of "Moderate Buy" and an average price target of $77.08.

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.