Gunderson Capital Management Inc. Sells 29,681 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Gunderson Capital Management Inc. lowered its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,695 shares of the restaurant operator’s stock after selling 29,681 shares during the quarter. Restaurant Brands International makes up approximately 3.3% of Gunderson Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Gunderson Capital Management Inc.’s holdings in Restaurant Brands International were worth $7,767,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Capital World Investors grew its position in shares of Restaurant Brands International by 1.1% during the 1st quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after buying an additional 466,929 shares during the period. Vanguard Group Inc. grew its holdings in Restaurant Brands International by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after purchasing an additional 141,468 shares during the period. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 4.9% in the second 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. 1832 Asset Management L.P. boosted its position in shares of Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after purchasing an additional 773,783 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Restaurant Brands International by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after buying an additional 518,795 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded up $0.42 during trading hours on Wednesday, hitting $70.25. 181,217 shares of the stock were exchanged, compared to its average volume of 1,602,766. The company’s fifty day simple moving average is $70.15 and its two-hundred day simple moving average is $71.10. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International Inc. has a 1-year low of $62.22 and a 1-year high of $83.29. The company has a market cap of $22.26 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Guggenheim lifted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Bank of America boosted their price objective on Restaurant Brands International from $72.00 to $79.00 and gave the company an “underperform” rating in a research report on Wednesday, July 17th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Finally, TD Cowen reiterated a “buy” rating and issued a $82.00 price target on shares of Restaurant Brands International in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Insiders Place Their Bets

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

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.