JARISLOWSKY FRASER Ltd Trims Holdings in Restaurant Brands International Inc. (NYSE:QSR)

JARISLOWSKY FRASER Ltd reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,330,904 shares of the restaurant operator’s stock after selling 238,122 shares during the period. Restaurant Brands International accounts for about 2.4% of JARISLOWSKY FRASER Ltd’s investment portfolio, making the stock its 15th largest holding. JARISLOWSKY FRASER Ltd owned about 1.95% of Restaurant Brands International worth $410,936,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QSR. Dunhill Financial LLC increased its stake in shares of Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in Restaurant Brands International during the 4th quarter valued at approximately $32,000. IFP Advisors Inc raised its stake in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Restaurant Brands International in the fourth quarter worth $60,000. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup reduced their price target on Restaurant Brands International from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Morgan Stanley lifted their target price on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird cut their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Guggenheim raised their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.65.

Restaurant Brands International Stock Down 0.5 %

QSR opened at $67.19 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.07. The firm’s 50 day simple moving average is $65.28 and its two-hundred day simple moving average is $65.76. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $22.01 billion, a PE ratio of 21.13, a PEG ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Restaurant Brands International’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.69%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 93,619 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the transaction, the chief executive officer now owns 848,578 shares of the company’s stock, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now owns 235,228 shares of the company’s stock, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International 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.