Restaurant Brands International Inc. $QSR Stock: Cidel Asset Management Inc. Decreases Holdings

Posted by Stanley Muller on Nov 1st, 2026

Cidel Asset Management Inc. reduced its stake in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 451,380 shares of the restaurant operator’s stock after selling 74,724 shares during the period. Restaurant Brands International accounts for 1.6% of Cidel Asset Management Inc.’s holdings, making the stock its 13th largest holding. Cidel Asset Management Inc.’s holdings in Restaurant Brands International were worth $32,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Groupe la Francaise acquired a new stake in shares of Restaurant Brands International during the 2nd quarter worth about $27,000. Western Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter worth about $28,000. NFSG Corp acquired a new position in Restaurant Brands International in the 3rd quarter valued at about $28,000. CoreCap Advisors LLC grew its stake in Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 350 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in Restaurant Brands International in the 2nd quarter valued at about $37,000. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Mizuho began coverage on shares of Restaurant Brands International in a report on Tuesday, October 20th. They issued an “outperform” rating and a $85.00 price target on the stock. Weiss Ratings cut Restaurant Brands International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Robert W. Baird boosted their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Jefferies Financial Group decreased their target price on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada lowered their target price on Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $83.92.

Read Our Latest Stock Report on Restaurant Brands International

Restaurant Brands International Stock Performance

NYSE QSR opened at $72.43 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $25.26 billion, a P/E ratio of 16.84, a P/E/G ratio of 2.12 and a beta of 0.52. Restaurant Brands International Inc. has a 12-month low of $64.52 and a 12-month high of $81.96. The firm has a 50-day moving average price of $74.62 and a two-hundred day moving average price of $73.94.

Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last announced its earnings results on Thursday, October 29th. The restaurant operator reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. Restaurant Brands International had a net margin of 15.35% and a return on equity of 33.89%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts anticipate that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Tuesday, December 22nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 22nd. Restaurant Brands International’s payout ratio is 69.89%.

Key Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

Positive Sentiment: Adjusted earnings beat estimates. QSR reported quarterly EPS of $1.10, ahead of the $1.08 consensus estimate and up from $1.03 a year earlier. Revenue increased approximately 3.1% year over year to about $2.52 billion. Restaurant Brands Beats Q3 Earnings Estimates
Positive Sentiment: Burger King’s U.S. turnaround is gaining traction. U.S. comparable sales rose 8.4%, helped by promotional deals and stronger customer traffic. Consolidated system-wide sales grew 6.2%, while international comparable sales increased 3.9%. Restaurant Brands Reports Mixed Results
Positive Sentiment: Management maintained its 2026 outlook. RBI remains on track for 8% organic adjusted operating-income growth and said it has returned $1.3 billion to shareholders through dividends and share repurchases year to date. RBI Reports Third Quarter 2026 Results
Positive Sentiment: The quarterly dividend was maintained at $0.65 per share, equivalent to $2.60 annually and an indicated yield of about 3.6%. The dividend is payable January 5 to shareholders of record December 22.
Neutral Sentiment: TD Cowen reaffirmed its Hold rating while setting a $78 price target, implying potential upside from the referenced share price but signaling limited conviction in the near-term risk/reward balance.
Negative Sentiment: Revenue missed expectations. Quarterly revenue of approximately $2.52 billion came in below analysts’ $2.55 billion forecast. The shortfall appears to have outweighed the EPS beat for investors, explaining the weaker stock reaction despite Burger King’s strong comparable-sales performance. Restaurant Brands Slips After Earnings

Insider Transactions at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider owned 209,908 shares of the company’s stock, valued at $17,031,935.12. This represents a 21.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.22% of the stock is owned by corporate insiders.

Restaurant Brands International Profile

(Free Report)

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.