Beutel Goodman & Co Ltd. Has $372.35 Million Stake in Restaurant Brands International Inc. $QSR

Beutel Goodman & Co Ltd. lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,624,674 shares of the restaurant operator’s stock after selling 173,893 shares during the period. Restaurant Brands International accounts for 2.1% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 19th largest position. Beutel Goodman & Co Ltd.’s holdings in Restaurant Brands International were worth $372,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of QSR. Invesco Ltd. raised its position in shares of Restaurant Brands International by 24.4% during the second quarter. Invesco Ltd. now owns 3,291,340 shares of the restaurant operator’s stock valued at $218,183,000 after buying an additional 646,583 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Restaurant Brands International during the second quarter valued at about $1,222,000. Westerkirk Capital Inc. acquired a new position in Restaurant Brands International in the 2nd quarter valued at approximately $1,100,000. M&T Bank Corp raised its holdings in Restaurant Brands International by 1.7% in the 2nd quarter. M&T Bank Corp now owns 24,623 shares of the restaurant operator’s stock valued at $1,632,000 after acquiring an additional 421 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of Restaurant Brands International by 90.4% in the 2nd quarter. River Road Asset Management LLC now owns 863,170 shares of the restaurant operator’s stock worth $58,575,000 after acquiring an additional 409,934 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Ali Hedayat sold 7,000 shares of Restaurant Brands International stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total value of $509,390.00. Following the completion of the transaction, the director owned 18,962 shares in the company, valued at approximately $1,379,864.74. The trade was a 26.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman J Patrick Doyle sold 43,597 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the transaction, the chairman directly owned 193,855 shares in the company, valued at approximately $13,531,079. This represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Scotiabank boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $78.00 price target on shares of Restaurant Brands International in a research report on Friday, August 8th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.23.

Restaurant Brands International Stock Up 0.1%

QSR opened at $72.00 on Friday. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.86 and a beta of 0.60. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The firm’s 50-day simple moving average is $68.27 and its 200-day simple moving average is $67.31. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.13.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.26%.

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.