Hillsdale Investment Management Inc. Sells 40,390 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Hillsdale Investment Management Inc. lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,790 shares of the restaurant operator’s stock after selling 40,390 shares during the quarter. Restaurant Brands International comprises 0.5% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 29th largest holding. Hillsdale Investment Management Inc.’s holdings in Restaurant Brands International were worth $6,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. increased its stake in shares of Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC raised its holdings in Restaurant Brands International by 88.3% during the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth $30,000. Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth $30,000. Finally, Fifth Third Bancorp grew its position in shares of Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 278 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Down 1.0 %

Shares of NYSE:QSR traded down $0.74 on Friday, reaching $70.86. 1,730,101 shares of the company traded hands, compared to its average volume of 1,941,565. The business’s 50-day simple moving average is $75.46 and its 200 day simple moving average is $75.18. Restaurant Brands International Inc. has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a market capitalization of $22.42 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.34 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.27%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Analyst Ratings Changes

A number of analysts recently issued reports on QSR shares. Piper Sandler dropped their price objective on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. KeyCorp boosted their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Loop Capital increased their target price on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. BMO Capital Markets raised their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, Evercore upped their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.56.

Insider Activity

In other news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the transaction, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now directly owns 471,746 shares in the company, valued at $35,975,349.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 634,933 shares of company stock valued at $47,972,876. 1.25% of the stock is currently owned by 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.