Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 967.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,542 shares of the restaurant operator's stock after purchasing an additional 985,615 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.34% of Restaurant Brands International worth $70,793,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dunhill Financial LLC increased its holdings in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at about $32,000. IFP Advisors Inc increased its holdings in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In other news, CEO Joshua Kobza sold 72,720 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the completion of the transaction, the chief executive officer now directly owns 961,295 shares of the company's stock, valued at $61,888,172.10. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 23,333 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $1,502,178.54. Following the completion of the transaction, the chief financial officer now directly owns 91,766 shares of the company's stock, valued at approximately $5,907,895.08. This trade represents a 20.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,646 shares of company stock worth $9,753,039 over the last three months. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on QSR. UBS Group dropped their price objective on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, May 5th. CIBC dropped their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Guggenheim raised their price target on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. One equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.65.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $0.64 during trading on Friday, reaching $70.07. The company's stock had a trading volume of 1,947,872 shares, compared to its average volume of 1,873,851. 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 12-month low of $58.71 and a 12-month high of $75.07. The company has a market capitalization of $22.96 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The business has a 50 day moving average price of $65.70 and a 200-day moving average price of $65.73.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted 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 net margin of 12.15% and a return on equity of 28.53%. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm's quarterly revenue was up 21.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.54%. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

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.