Galibier Capital Management Ltd. Decreases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Galibier Capital Management Ltd. decreased its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,533 shares of the restaurant operator’s stock after selling 72,456 shares during the period. Restaurant Brands International makes up 5.3% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 13th largest holding. Galibier Capital Management Ltd.’s holdings in Restaurant Brands International were worth $18,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $200,097,000. National Bank of Canada FI grew its holdings in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Restaurant Brands International in the third quarter valued at $89,790,000. Point72 Asset Management L.P. raised its stake in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after buying an additional 1,082,622 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after acquiring an additional 835,000 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $60.48 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 1 year low of $60.03 and a 1 year high of $83.29. The firm’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $69.13. The firm has a market cap of $19.59 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International 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 of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares in the company, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,510 shares of company stock worth $7,774,020. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on QSR. Evercore ISI reduced their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Oppenheimer lowered their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price 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. Finally, CIBC lowered their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.46.

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.