Baskin Financial Services Inc. Buys 9,605 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Baskin Financial Services Inc. grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,199 shares of the restaurant operator's stock after acquiring an additional 9,605 shares during the period. Restaurant Brands International comprises 1.9% of Baskin Financial Services Inc.'s portfolio, making the stock its 25th largest position. Baskin Financial Services Inc. owned 0.10% of Restaurant Brands International worth $22,809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in Restaurant Brands International in the fourth quarter worth about $264,813,000. Meritage Group LP lifted its position in Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after purchasing an additional 3,245,689 shares during the period. Baupost Group LLC MA raised its position 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 worth $189,133,000 after acquiring an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after buying an additional 2,695,071 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Restaurant Brands International by 967.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock worth $70,793,000 after purchasing an additional 985,615 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the transaction, the insider owned 182,897 shares of the company's stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Trading Up 0.5%

Restaurant Brands International stock traded up $0.32 during mid-day trading on Thursday, hitting $68.59. The company's stock had a trading volume of 1,116,197 shares, compared to its average volume of 2,097,569. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The stock's fifty day moving average is $68.00 and its two-hundred day moving average is $65.61. The firm has a market capitalization of $22.48 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data 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). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. The company's revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a $0.62 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.62%. Restaurant Brands International's payout ratio is 84.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on QSR shares. Oppenheimer raised their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Guggenheim lifted their price objective on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, April 4th. UBS Group lowered their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird reduced their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Morgan Stanley increased their target price on Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $75.68.

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.