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

Addenda Capital Inc. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 position. Addenda Capital Inc.’s holdings in Restaurant Brands International were worth $23,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. D1 Capital Partners L.P. purchased a new stake in shares of Restaurant Brands International in the second quarter worth about $200,097,000. National Bank of Canada FI increased its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the last quarter. Holocene Advisors LP bought a new stake in Restaurant Brands International in the 3rd quarter worth approximately $89,790,000. Point72 Asset Management L.P. raised its holdings in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after acquiring an additional 1,082,622 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.0 %

Shares of NYSE:QSR opened at $60.48 on Tuesday. The business’s 50 day moving average is $66.73 and its 200 day moving average is $69.13. The stock has a market cap of $19.62 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. Restaurant Brands International Inc. has a 52-week low of $60.03 and a 52-week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on QSR. KeyCorp reduced their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Bank of America upped their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. TD Cowen dropped their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada dropped their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average target price of $81.46.

Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Granat sold 81,387 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares in the company, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,510 shares of company stock worth $7,774,020. Company insiders own 1.36% of the company’s stock.

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.