Addenda Capital Inc. Sells 12,750 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Addenda Capital Inc. lowered its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 365,802 shares of the restaurant operator’s stock after selling 12,750 shares during the period. Restaurant Brands International accounts for about 1.1% of Addenda Capital Inc.’s investment portfolio, making the stock its 26th largest holding. Addenda Capital Inc. owned about 0.11% of Restaurant Brands International worth $23,843,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after purchasing an additional 518,795 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Restaurant Brands International by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after purchasing an additional 169,458 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Restaurant Brands International by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after buying an additional 227,203 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.0 %

QSR opened at $60.48 on Tuesday. Restaurant Brands International Inc. has a 1-year low of $60.03 and a 1-year high of $83.29. The firm’s 50 day simple moving average is $66.73 and its two-hundred day simple moving average is $69.13. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $19.62 billion, a PE ratio of 15.16, a PEG ratio of 1.81 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.84%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several analyst reports. Oppenheimer dropped their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Evercore ISI dropped their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. TD Cowen decreased their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Bank of America upped their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $81.46.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,510 shares of company stock worth $7,774,020. Corporate insiders own 1.36% of the company’s stock.

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.