Tacita Capital Inc Has $471,000 Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Tacita Capital Inc lessened its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,250 shares of the restaurant operator’s stock after selling 302 shares during the quarter. Tacita Capital Inc’s holdings in Restaurant Brands International were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its stake in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after buying an additional 160 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock worth $204,000 after buying an additional 161 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after buying an additional 180 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 0.7 %

Shares of Restaurant Brands International stock opened at $64.79 on Tuesday. The firm has a market capitalization of $21.06 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. 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 firm’s 50 day moving average is $63.41 and its 200 day moving average is $67.51. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29.

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

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the business’s 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 sale, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Duncan Fulton sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares in the company, valued at $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 379,726 shares of company stock valued at $24,662,800 in the last ninety days. 1.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research reports. Citigroup raised their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. TD Securities reiterated a “hold” rating and issued a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. KeyCorp dropped their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Royal Bank of Canada dropped their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Hold” and an average price target of $77.33.

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.