Restaurant Brands International Inc. $QSR Holdings Decreased by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,624,674 shares of the restaurant operator’s stock after selling 173,893 shares during the period. Restaurant Brands International comprises about 2.1% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 19th biggest holding. Beutel Goodman & Co Ltd. owned about 1.72% of Restaurant Brands International worth $372,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its stake in Restaurant Brands International by 2.2% in the second quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator’s stock valued at $460,000 after buying an additional 151 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Restaurant Brands International by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 174 shares during the period. MAI Capital Management lifted its position in Restaurant Brands International by 4.1% in the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 180 shares during the last quarter. UMB Bank n.a. boosted its stake in Restaurant Brands International by 49.3% during the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its stake in Restaurant Brands International by 0.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 23,474 shares of the restaurant operator’s stock valued at $1,556,000 after purchasing an additional 205 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Up 0.1%

QSR stock opened at $72.00 on Friday. The firm has a market cap of $23.60 billion, a PE ratio of 25.62, a P/E/G ratio of 2.86 and a beta of 0.60. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.13. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $68.27 and a 200 day simple moving average of $67.31.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s dividend payout ratio is currently 88.26%.

Wall Street Analyst Weigh In

QSR has been the subject of several analyst reports. Royal Bank Of Canada reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Morgan Stanley set a $77.00 price target on Restaurant Brands International in a research report on Tuesday, October 21st. Scotiabank raised their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Guggenheim lifted their price objective on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.23.

Insider Activity at Restaurant Brands International

In other news, Chairman J Patrick Doyle sold 43,597 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the sale, the chairman owned 193,855 shares in the company, valued at $13,531,079. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Hedayat sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the sale, the director owned 18,962 shares of the company’s stock, valued at approximately $1,379,864.74. This represents a 26.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.25% of the stock is currently owned by corporate insiders.

Restaurant Brands International Profile

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.