Burgundy Asset Management Ltd. Purchases 4,464 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Burgundy Asset Management Ltd. raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,299 shares of the restaurant operator's stock after purchasing an additional 4,464 shares during the period. Burgundy Asset Management Ltd. owned approximately 0.36% of Restaurant Brands International worth $76,006,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital World Investors boosted its holdings in Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator's stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after acquiring an additional 421,873 shares during the period. EdgePoint Investment Group Inc. lifted its holdings 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 acquiring an additional 2,695,071 shares during the period. Norges Bank bought a new position in shares of Restaurant Brands International during the 4th quarter worth about $264,813,000. Finally, Meritage Group LP lifted its holdings in shares of Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Duncan Fulton sold 27,500 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the transaction, the insider now owns 34,822 shares of the company's stock, valued at approximately $2,251,590.52. This trade represents a 44.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a report on Friday, February 14th. Barclays reduced their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Restaurant Brands International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Citigroup dropped their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $75.78.

Restaurant Brands International Price Performance

QSR traded up $1.53 during midday trading on Tuesday, hitting $71.60. The company had a trading volume of 3,672,492 shares, compared to its average volume of 1,881,046. 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 has a market capitalization of $23.46 billion, a PE ratio of 22.52, a P/E/G ratio of 1.77 and a beta of 0.60. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.07. The firm's 50-day simple moving average is $65.74 and its 200-day simple moving average is $65.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. Equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

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.