CANADA LIFE ASSURANCE Co Purchases 9,688 Shares of Restaurant Brands International Inc. (NYSE:QSR)

CANADA LIFE ASSURANCE Co lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,126 shares of the restaurant operator's stock after purchasing an additional 9,688 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of Restaurant Brands International worth $19,114,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QSR. Venturi Wealth Management LLC lifted its position in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Restaurant Brands International during the fourth quarter worth about $32,000. IFP Advisors Inc boosted its position in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 412 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in Restaurant Brands International in the fourth quarter valued at approximately $60,000. Finally, Crewe Advisors LLC acquired a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded up $0.22 during trading hours on Friday, hitting $62.81. 1,546,940 shares of the stock were exchanged, compared to its average volume of 1,851,360. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. The company has a market cap of $20.58 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company's fifty day simple moving average is $64.88 and its two-hundred day simple moving average is $66.17.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (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%. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were paid a $0.62 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company dropped their price objective on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Truist Financial reduced their target price on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Citigroup cut their price target on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average price target of $76.25.

Insider Activity at Restaurant Brands International

In other news, insider Duncan Fulton sold 15,974 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares of the company's stock, valued at $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Housman sold 14,593 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $939,497.34. Following the sale, the insider now directly owns 142,986 shares in the company, valued at $9,205,438.68. The trade was a 9.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,716 shares of company stock valued at $17,740,281. 1.36% of the stock is owned by insiders.

About Restaurant Brands International

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.