K.J. Harrison & Partners Inc Reduces Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

K.J. Harrison & Partners Inc lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,247 shares of the restaurant operator’s stock after selling 13,025 shares during the quarter. Restaurant Brands International accounts for approximately 1.1% of K.J. Harrison & Partners Inc’s holdings, making the stock its 24th biggest holding. K.J. Harrison & Partners Inc’s holdings in Restaurant Brands International were worth $6,438,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. 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 worth $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC grew its holdings in shares of Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $30,000. Fifth Third Bancorp grew its holdings in shares of Restaurant Brands International by 209.0% during the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 278 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Restaurant Brands International by 219.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 686 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 471 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.78 on Friday, reaching $73.85. 1,306,250 shares of the stock traded hands, compared to its average volume of 1,447,372. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.01 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The stock’s 50-day moving average price is $76.72 and its 200-day moving average price is $74.21.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. Restaurant Brands International’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. Equities analysts forecast that Restaurant Brands International Inc. will post 3.38 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.58 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 annualized dividend and a yield of 3.14%. Restaurant Brands International’s payout ratio is currently 61.54%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. TD Securities decreased their price target on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating for the company in a report on Friday, April 12th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada decreased their price target on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $90.00 target price on shares of Restaurant Brands International in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.25.

Insider Activity at Restaurant Brands International

In related news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Granat sold 23,322 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total value of $1,761,977.10. Following the completion of the sale, the insider now directly owns 406,860 shares in the company, valued at approximately $30,738,273. The disclosure for this sale can be found here. Insiders have sold a total of 380,200 shares of company stock valued at $28,828,182 in the last 90 days. 1.25% of the stock is owned by corporate insiders.

About Restaurant Brands International

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.