MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Sells 72,679 Shares of Restaurant Brands International Inc. $QSR

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd reduced its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,829 shares of the restaurant operator’s stock after selling 72,679 shares during the period. Restaurant Brands International comprises about 2.6% of MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s investment portfolio, making the stock its 14th largest holding. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Restaurant Brands International were worth $20,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QSR. Groupe la Francaise bought a new position in shares of Restaurant Brands International during the second quarter worth about $27,000. Western Wealth Management LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at approximately $28,000. NFSG Corp bought a new stake in Restaurant Brands International in the 3rd quarter valued at approximately $28,000. CoreCap Advisors LLC lifted 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 acquiring an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in Restaurant Brands International in the 2nd quarter valued at approximately $37,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

QSR opened at $74.39 on Thursday. Restaurant Brands International Inc. has a 52-week low of $64.52 and a 52-week high of $81.96. The firm has a market capitalization of $25.94 billion, a PE ratio of 20.00, a PEG ratio of 2.12 and a beta of 0.52. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The business’s 50-day simple moving average is $74.85 and its 200 day simple moving average is $73.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 18th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

Insider Activity at Restaurant Brands International

In other 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 value of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This represents a 21.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the subject of several research reports. Citigroup decreased their price target on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. TD Cowen cut their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Scotia reduced their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Finally, Evercore reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Restaurant Brands International in a research report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.52.

Restaurant Brands International Company Profile

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.