Harbour Capital Advisors LLC Trims Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Harbour Capital Advisors LLC cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,265 shares of the restaurant operator’s stock after selling 525 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Restaurant Brands International were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in QSR. D1 Capital Partners L.P. acquired a new stake in Restaurant Brands International during the second quarter worth about $200,097,000. TD Asset Management Inc grew its stake in Restaurant Brands International by 41.0% during the 1st quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator’s stock valued at $385,361,000 after purchasing an additional 1,409,552 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Restaurant Brands International by 72.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,655,157 shares of the restaurant operator’s stock valued at $211,059,000 after purchasing an additional 1,119,582 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after purchasing an additional 773,783 shares in the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after purchasing an additional 536,124 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 0.7 %

Shares of Restaurant Brands International stock opened at $70.55 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market capitalization of $22.35 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. Restaurant Brands International Inc. has a 52-week low of $64.35 and a 52-week high of $83.29. The company has a 50-day simple moving average of $70.22 and a two-hundred day simple moving average of $70.77.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent research reports. Morgan Stanley cut their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Stifel Nicolaus reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Citigroup lifted their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.04.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

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.