Lincluden Management Ltd. Sells 22,387 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Lincluden Management Ltd. reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,179 shares of the restaurant operator's stock after selling 22,387 shares during the period. Restaurant Brands International comprises about 2.0% of Lincluden Management Ltd.'s holdings, making the stock its 16th largest holding. Lincluden Management Ltd. owned about 0.08% of Restaurant Brands International worth $17,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in Restaurant Brands International in the first quarter valued at $850,000. Oppenheimer & Co. Inc. raised its stake in Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator's stock valued at $5,913,000 after buying an additional 10,544 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Restaurant Brands International by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock valued at $9,915,000 after buying an additional 7,196 shares in the last quarter. Norden Group LLC acquired a new stake in Restaurant Brands International in the first quarter valued at $875,000. Finally, Cetera Investment Advisers increased its holdings in shares of Restaurant Brands International by 63.7% in the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock valued at $3,245,000 after purchasing an additional 15,891 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Axel Mr Schwan sold 36,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company's stock, valued at $6,866,420.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Up 0.6 %

QSR traded up $0.43 during trading on Friday, reaching $69.98. 1,232,869 shares of the stock traded hands, compared to its average volume of 1,573,317. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. Restaurant Brands International Inc. has a fifty-two week low of $65.51 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. The stock's 50-day simple moving average is $70.28 and its two-hundred day simple moving average is $70.59.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.58 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.32%. Restaurant Brands International's dividend payout ratio is currently 58.15%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QSR. Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, September 9th. TD Cowen reiterated a "buy" rating and set a $82.00 target price on shares of Restaurant Brands International in a research report on Thursday, September 12th. Oppenheimer reduced their price objective on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on Restaurant Brands International from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.15.

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.