Galibier Capital Management Ltd. Sells 20,878 Shares of Restaurant Brands International Inc. $QSR

Galibier Capital Management Ltd. reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 188,137 shares of the restaurant operator’s stock after selling 20,878 shares during the period. Restaurant Brands International comprises approximately 4.0% of Galibier Capital Management Ltd.’s portfolio, making the stock its 11th biggest holding. Galibier Capital Management Ltd.’s holdings in Restaurant Brands International were worth $12,072,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the 2nd quarter valued at about $33,000. CX Institutional raised its position in Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 464 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International during the second quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Restaurant Brands International in the 2nd quarter valued at approximately $36,000. Finally, UMB Bank n.a. boosted its holdings in shares of Restaurant Brands International by 49.3% in the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 200 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Restaurant Brands International news, Chairman J Patrick Doyle sold 43,597 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.80, for a total transaction of $3,043,070.60. Following the transaction, the chairman directly owned 193,855 shares in the company, valued at $13,531,079. This trade represents a 18.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ali Hedayat sold 7,000 shares of the company’s 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 sale, the director owned 18,962 shares of the company’s stock, valued at $1,379,864.74. This represents a 26.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 131,807 shares of company stock valued at $9,308,973 over the last 90 days. 1.25% of the stock is owned by insiders.

Restaurant Brands International Trading Down 0.6%

NYSE QSR opened at $67.80 on Friday. The stock has a market cap of $22.24 billion, a PE ratio of 24.13, a PEG ratio of 2.50 and a beta of 0.59. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The company’s 50-day moving average price is $69.44 and its 200-day moving average price is $67.29. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company 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 $0.62 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Restaurant Brands International’s payout ratio is presently 88.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a report on Tuesday, November 25th. Robert W. Baird increased their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, December 2nd. Finally, Citigroup increased their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.45.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.