Asahi Life Asset Management CO. LTD. Acquires New Shares in Restaurant Brands International Inc. (NYSE:QSR)

Asahi Life Asset Management CO. LTD. acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,480 shares of the restaurant operator's stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QSR. Raymond James Financial Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at $19,243,000. Sequoia Financial Advisors LLC increased its stake in shares of Restaurant Brands International by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator's stock worth $319,000 after purchasing an additional 233 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Restaurant Brands International by 2.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,103 shares of the restaurant operator's stock worth $919,000 after purchasing an additional 313 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Restaurant Brands International by 166.4% in the 4th quarter. Corient Private Wealth LLC now owns 20,475 shares of the restaurant operator's stock worth $1,335,000 after purchasing an additional 12,789 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Restaurant Brands International by 3.2% in the 4th quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock worth $436,000 after buying an additional 210 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

QSR stock opened at $67.35 on Monday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The stock's 50 day moving average price is $68.53 and its 200 day moving average price is $65.68. The firm has a market cap of $22.07 billion, a P/E ratio of 22.83, a PEG ratio of 1.99 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the company earned $0.73 EPS. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is currently 84.07%.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the sale, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QSR. CIBC cut their price target on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Morgan Stanley raised their price objective on Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank upgraded Restaurant Brands International to a "hold" rating and set a $75.00 target price for the company in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $75.82.

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.

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