Galibier Capital Management Ltd. Reduces Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Galibier Capital Management Ltd. lowered its stake in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 375,752 shares of the restaurant operator’s stock after selling 24,506 shares during the period. Restaurant Brands International accounts for approximately 7.7% of Galibier Capital Management Ltd.’s holdings, making the stock its 6th biggest position. Galibier Capital Management Ltd.’s holdings in Restaurant Brands International were worth $29,502,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $5,619,000. Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock valued at $784,853,000 after acquiring an additional 203,594 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Restaurant Brands International by 47.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator’s stock valued at $26,914,000 after acquiring an additional 129,713 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Restaurant Brands International by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 863,765 shares of the restaurant operator’s stock valued at $57,666,000 after acquiring an additional 13,857 shares in the last quarter. Finally, Pacifica Partners Inc. grew its holdings in shares of Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on QSR. Stephens reiterated an “equal weight” rating and issued a $75.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 13th. TD Cowen reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Restaurant Brands International in a research report on Thursday, March 14th. Citigroup dropped their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Evercore increased their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets increased their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.30.

View Our Latest Stock Report on Restaurant Brands International

Restaurant Brands International Stock Down 1.2 %

QSR traded down $0.93 during trading on Wednesday, hitting $77.00. The company had a trading volume of 1,477,652 shares, compared to its average volume of 1,431,739. The firm’s 50-day moving average price is $78.28 and its 200 day moving average price is $73.45. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The company has a market capitalization of $24.31 billion, a PE ratio of 20.35, a PEG ratio of 2.36 and a beta of 0.91.

Restaurant Brands International (NYSE:QSRGet Free Report) (TSE:QSR) last issued its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Wednesday, March 20th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s dividend payout ratio is presently 61.54%.

Insiders Place Their Bets

In other news, insider Jill Granat sold 23,322 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the sale, the insider now owns 406,860 shares of the company’s stock, valued at approximately $30,738,273. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jill Granat sold 23,322 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the sale, the insider now directly owns 406,860 shares in the company, valued at $30,738,273. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Benjamin Curtis sold 2,682 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $76.55, for a total transaction of $205,307.10. Following the sale, the insider now owns 23,322 shares of the company’s stock, valued at $1,785,299.10. The disclosure for this sale can be found here. Insiders have sold a total of 408,792 shares of company stock worth $31,016,900 in the last quarter. Corporate insiders own 1.25% of the company’s stock.

About Restaurant Brands International

(Free Report)

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.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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