Cidel Asset Management Inc. Grows Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Cidel Asset Management Inc. raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,574 shares of the restaurant operator’s stock after acquiring an additional 28,101 shares during the quarter. Restaurant Brands International comprises approximately 2.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 11th biggest holding. Cidel Asset Management Inc. owned approximately 0.17% of Restaurant Brands International worth $36,192,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QSR. Farther Finance Advisors LLC raised 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 valued at $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International during the third quarter valued at about $61,000. Crewe Advisors LLC purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth about $74,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after buying an additional 567 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Granat sold 81,387 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s 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 transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 over the last three months. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $64.17 on Friday. The stock has a market capitalization of $20.82 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50 day simple moving average is $64.76 and its two-hundred day simple moving average is $68.21.

Analyst Ratings Changes

QSR has been the topic of a number of analyst reports. CIBC decreased their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Argus dropped their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

About Restaurant Brands International

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.