Lincluden Management Ltd. Has $15.75 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,713 shares of the restaurant operator's stock after selling 7,466 shares during the quarter. Restaurant Brands International makes up approximately 1.9% of Lincluden Management Ltd.'s holdings, making the stock its 15th largest position. Lincluden Management Ltd. owned approximately 0.07% of Restaurant Brands International worth $15,754,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased 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 valued at $30,000 after purchasing an additional 185 shares during the period. Venturi Wealth Management LLC grew its holdings in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares in the last quarter. IFP Advisors Inc increased its position 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 acquiring an additional 412 shares during the period. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter valued at $61,000. Finally, Crewe Advisors LLC acquired a new position in Restaurant Brands International during the 4th quarter worth $74,000. 82.29% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QSR. Guggenheim raised Restaurant Brands International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. 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. Jefferies Financial Group reduced their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Truist Financial lowered their price objective 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. Finally, CIBC cut their target price 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of "Hold" and an average target price of $77.96.

Restaurant Brands International Stock Up 0.1 %

NYSE:QSR traded up $0.05 during trading hours on Friday, hitting $65.24. 1,889,736 shares of the company's stock traded hands, compared to its average volume of 2,242,596. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The firm has a market cap of $21.17 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock's fifty day moving average price is $63.47 and its two-hundred day moving average price is $67.63.

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%. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.62 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares of the company's stock, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders sold 379,726 shares of company stock valued at $24,662,800 in the last quarter. Company insiders own 1.36% of the company's stock.

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.