Connor Clark & Lunn Investment Management Ltd. Decreases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 70.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 645,959 shares of the restaurant operator's stock after selling 1,561,292 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of Restaurant Brands International worth $42,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator's stock worth $311,000 after buying an additional 160 shares during the last quarter. Bleakley Financial Group LLC grew its position in Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock worth $204,000 after purchasing an additional 161 shares during the period. D.A. Davidson & CO. raised its stake in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator's stock valued at $607,000 after buying an additional 179 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of Restaurant Brands International by 1.3% in the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock valued at $915,000 after buying an additional 180 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

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Restaurant Brands International Trading Up 0.5 %

Shares of Restaurant Brands International stock traded up $0.33 on Friday, reaching $66.07. The company had a trading volume of 2,043,128 shares, compared to its average volume of 2,251,582. The firm's 50 day moving average price is $63.74 and its two-hundred day moving average price is $67.30. 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 52-week low of $59.67 and a 52-week high of $81.55. The firm has a market cap of $21.47 billion, a PE ratio of 20.78, a PEG ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) 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%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.75%. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Argus downgraded Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barclays reduced their price target on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Truist Financial dropped their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a research note on Friday, January 10th. Finally, Guggenheim upgraded shares of Restaurant Brands International from a "neutral" rating to a "buy" rating and reduced their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.33.

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares of the company's stock, valued at approximately $2,251,590.52. This trade represents a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 287,726 shares of company stock valued at $18,269,723 in the last three months. 1.36% of the stock is owned by corporate insiders.

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.