Tacita Capital Inc Sells 302 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Tacita Capital Inc reduced its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.0% during the fourth quarter, according to the company in its most recent 13F 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 filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% in 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 last quarter. Venturi Wealth Management LLC lifted its position in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at $32,000. IFP Advisors Inc lifted its position in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 412 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International during the 3rd quarter valued at $61,000. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Stock Performance

NYSE QSR opened at $64.79 on Tuesday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.77 and a beta of 0.93. The company has a fifty day moving average price of $63.41 and a 200-day moving average price of $67.51. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. 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 posted its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on QSR shares. Jefferies Financial Group dropped their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. TD Securities restated a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $77.33.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 27,500 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares in the company, valued at approximately $2,251,590.52. This represents a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 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 transaction of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,726 shares of company stock worth $24,662,800. 1.36% of the stock is owned by company insiders.

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.