Beutel Goodman & Co Ltd. Sells 505,847 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Beutel Goodman & Co Ltd. lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,639,237 shares of the restaurant operator’s stock after selling 505,847 shares during the quarter. Restaurant Brands International makes up approximately 2.0% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 18th largest position. Beutel Goodman & Co Ltd. owned 1.74% of Restaurant Brands International worth $367,361,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Summerhill Capital Management lnc. bought a new position in Restaurant Brands International in the 4th quarter valued at approximately $841,000. Baskin Financial Services Inc. lifted its stake in shares of Restaurant Brands International by 2.8% in the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Aviso Financial Inc. boosted its holdings in shares of Restaurant Brands International by 4.1% during the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock valued at $61,384,000 after acquiring an additional 37,241 shares in the last quarter. Alberta Investment Management Corp grew its position in Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International in the 4th quarter worth about $32,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 6.1 %

NYSE:QSR opened at $64.52 on Friday. The company has a 50-day moving average price of $64.88 and a 200-day moving average price of $67.22. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12 month low of $59.67 and a 12 month high of $79.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.84%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Insiders Place Their Bets

In related news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This trade represents a 9.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,226 shares of company stock worth $19,121,223. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. Citigroup boosted their price target on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. CIBC dropped their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial reduced their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group lowered their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.08.

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.