Restaurant Brands International Inc. (NYSE:QSR) Position Lifted by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. grew its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,819,570 shares of the restaurant operator's stock after acquiring an additional 2,695,071 shares during the quarter. Restaurant Brands International comprises about 6.6% of EdgePoint Investment Group Inc.'s portfolio, making the stock its 2nd largest position. EdgePoint Investment Group Inc. owned 3.95% of Restaurant Brands International worth $834,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QSR. Norges Bank purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at $264,813,000. Meritage Group LP raised its stake in shares of Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after acquiring an additional 3,245,689 shares during the period. Baupost Group LLC MA raised its stake in shares of Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares during the period. Capital World Investors raised its stake in shares of Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after acquiring an additional 841,167 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Restaurant Brands International by 165.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,148,850 shares of the restaurant operator's stock valued at $74,802,000 after acquiring an additional 715,754 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

QSR has been the topic of a number of research analyst reports. TD Cowen cut shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 14th. Barclays reduced their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. UBS Group reduced their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Citigroup reduced their price target on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, TD Securities reaffirmed a "hold" rating and issued a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Hold" and an average target price of $75.65.

Restaurant Brands International Stock Down 0.5%

Shares of Restaurant Brands International stock traded down $0.34 on Friday, reaching $67.19. The stock had a trading volume of 3,284,007 shares, compared to its average volume of 1,864,444. The company has a 50 day moving average price of $65.28 and a 200 day moving average price of $65.71. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The stock has a market capitalization of $22.01 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Insider Activity

In related news, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction on Friday, February 21st. The shares were 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 directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the transaction, the chief executive officer now owns 848,578 shares of the company's stock, valued at $52,908,838.30. This represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 278,716 shares of company stock valued at $17,740,281 in the last ninety days. 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.