Cannell & Spears LLC Has $23.64 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cannell & Spears LLC lessened its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 16.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 362,611 shares of the restaurant operator's stock after selling 72,331 shares during the quarter. Cannell & Spears LLC owned about 0.11% of Restaurant Brands International worth $23,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inkwell Capital LLC acquired a new stake in Restaurant Brands International during the fourth quarter worth approximately $3,370,000. Summerhill Capital Management lnc. bought a new position in shares of Restaurant Brands International during the fourth quarter worth approximately $841,000. Baskin Financial Services Inc. lifted its holdings in Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after purchasing an additional 9,208 shares during the last quarter. Aviso Financial Inc. boosted its stake in Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock valued at $61,384,000 after purchasing an additional 37,241 shares during the period. Finally, Alberta Investment Management Corp grew its holdings in Restaurant Brands International by 0.7% in the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator's stock valued at $59,574,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the sale, the chief financial officer now owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. This represents a 24.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Kobza sold 93,619 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 300,226 shares of company stock valued at $19,121,223. 1.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QSR. Jefferies Financial Group dropped their target price on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. CIBC dropped their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. TD Securities reiterated a "hold" rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Finally, Barclays cut their price target on 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.08.

Restaurant Brands International Trading Up 0.8 %

Restaurant Brands International stock traded up $0.55 during trading hours on Tuesday, hitting $67.19. The stock had a trading volume of 985,309 shares, compared to its average volume of 1,777,142. The business's 50 day simple moving average is $65.13 and its 200-day simple moving average is $67.18. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $78.40. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that Restaurant Brands International Inc. will post 3.72 EPS 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. Investors of record on Friday, March 21st will be given a dividend of $0.62 per share. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

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.