Kendall Capital Management Has $782,000 Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Kendall Capital Management lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 12,005 shares of the restaurant operator’s stock after selling 335 shares during the quarter. Kendall Capital Management’s holdings in Restaurant Brands International were worth $782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Summerhill Capital Management lnc. acquired a new position in Restaurant Brands International during the 4th quarter worth $841,000. Baskin Financial Services Inc. lifted its position in Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Alberta Investment Management Corp lifted its position in Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in Restaurant Brands International during the 4th quarter worth $4,969,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR opened at $69.65 on Friday. 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 company’s 50 day simple moving average is $63.54 and its 200-day simple moving average is $67.43. The stock has a market capitalization of $22.64 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS 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%. Sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on QSR shares. Citigroup boosted their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley cut their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, February 14th. Stifel Nicolaus cut their price objective on shares of 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. Finally, Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Hold” and an average price target of $77.33.

Insider Activity at Restaurant Brands International

In related news, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 298,339 shares of company stock worth $19,016,984 over the last ninety days. Company insiders own 1.36% of the company’s stock.

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.