Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Canoe Financial LP

Canoe Financial LP lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,016,082 shares of the restaurant operator's stock after selling 12,267 shares during the quarter. Restaurant Brands International comprises approximately 1.9% of Canoe Financial LP's portfolio, making the stock its 16th largest position. Canoe Financial LP owned about 0.62% of Restaurant Brands International worth $131,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd acquired a new position in Restaurant Brands International during the third quarter worth $61,000. Blue Trust Inc. boosted its position in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded up $0.01 during midday trading on Friday, reaching $60.48. 1,492,815 shares of the company were exchanged, compared to its average volume of 1,261,844. The stock has a market cap of $19.59 billion, a P/E ratio of 15.16, a PEG ratio of 1.81 and a beta of 0.94. Restaurant Brands International Inc. has a 1 year low of $60.03 and a 1 year high of $83.29. The stock has a fifty day simple moving average of $66.73 and a 200 day simple moving average of $69.13. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were paid 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 3.84%. Restaurant Brands International's dividend payout ratio is currently 58.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QSR shares. Evercore ISI dropped their target price 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. Argus lowered their price objective on Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Oppenheimer reduced their target price 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. TD Cowen lowered their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.46.

Insider Activity at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares of the company's stock, valued at approximately $2,114,555.40. The trade was a 9.63 % 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. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company's stock, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock worth $7,774,020 over the last 90 days. Company insiders own 1.36% of the company's stock.

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.