Canoe Financial LP Has $153.83 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Canoe Financial LP increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,307,351 shares of the restaurant operator’s stock after acquiring an additional 291,269 shares during the quarter. Restaurant Brands International comprises 2.5% of Canoe Financial LP’s portfolio, making the stock its 14th biggest holding. Canoe Financial LP’s holdings in Restaurant Brands International were worth $153,834,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Inkwell Capital LLC acquired a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $3,370,000. Summerhill Capital Management lnc. bought a new position in Restaurant Brands International during the 4th quarter worth $841,000. Aviso Financial Inc. lifted its holdings in shares of Restaurant Brands International by 4.1% during the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock worth $61,384,000 after buying an additional 37,241 shares in the last quarter. Baupost Group LLC MA boosted its position in shares of Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after acquiring an additional 2,873,406 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International in the fourth quarter valued at about $32,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank raised shares of Restaurant Brands International to a “hold” rating and set a $75.00 target price for the company in a research report on Wednesday. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Robert W. Baird reduced their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Guggenheim boosted their target price on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $75.68.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the completion of the transaction, the insider now owns 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 0.0%

QSR stock opened at $66.09 on Friday. The stock has a market capitalization of $21.66 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07. The firm has a 50-day moving average price of $67.48 and a 200-day moving average price of $65.80.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.75%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 84.07%.

Restaurant Brands International Company 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.