534,646 Restaurant Brands International Inc. $QSR Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 12.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,889,875 shares of the restaurant operator’s stock after selling 534,646 shares during the quarter. Restaurant Brands International comprises 2.2% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 14th biggest holding. Beutel Goodman & Co Ltd.’s holdings in Restaurant Brands International were worth $277,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QSR. Groupe la Francaise bought a new stake in Restaurant Brands International during the 2nd quarter worth about $27,000. Western Wealth Management LLC bought a new position in shares of Restaurant Brands International in the 1st quarter valued at about $28,000. NFSG Corp bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $28,000. CoreCap Advisors LLC grew its holdings in shares of 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 acquired a new stake in shares of Restaurant Brands International in the second quarter valued at about $37,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

NYSE QSR opened at $77.51 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 2.43. The firm’s fifty day moving average price is $74.25 and its two-hundred day moving average price is $74.17. Restaurant Brands International Inc. has a 1 year low of $65.43 and a 1 year high of $81.96. The firm has a market capitalization of $27.02 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 29th. The restaurant operator reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. Restaurant Brands International had a net margin of 15.35% and a return on equity of 33.50%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 4.05 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 22nd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 22nd. Restaurant Brands International’s dividend payout ratio is presently 60.47%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QSR shares. Scotiabank dropped their target price on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Evercore reissued an “outperform” rating and set a $88.00 price target on shares of Restaurant Brands International in a research report on Friday, August 7th. CL King set a $80.00 price target on Restaurant Brands International in a research note on Monday, August 10th. Morgan Stanley raised their price target on Restaurant Brands International from $79.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Finally, Weiss Ratings lowered Restaurant Brands International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Insider Activity

In related news, insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were 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 directly owned 209,908 shares in the company, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Restaurant Brands International Profile

Restaurant Brands International Inc is a global quick-service restaurant company that owns and operates the Burger King, Tim Hortons, Popeyes and Firehouse Subs brands. Its restaurants serve a range of products, including burgers, coffee and baked goods, fried chicken, and sandwiches.

The company primarily grows its brands through a network of franchised restaurants, alongside some company-operated locations. Its brands serve customers in numerous countries and territories around the world.

Restaurant Brands International was formed in 2014 through the combination of Burger King and Tim Hortons.