Fiera Capital Corp Grows Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Key Points

• Fiera Capital Corp increased its stake in Restaurant Brands International Inc. by 14.2%, holding approximately $281.56 million worth of shares after acquiring an additional 523,829 shares.
• Insider Jacqueline Friesner sold 70,000 shares of the company at an average price of $70.08, reducing her ownership by 27.68%.
• Restaurant Brands International reported earnings of $0.75 EPS for the quarter, falling short of the $0.78 consensus estimate, while revenue also missed expectations at $2.03 billion.

Fiera Capital Corp grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,219,476 shares of the restaurant operator's stock after acquiring an additional 523,829 shares during the period. Fiera Capital Corp owned about 1.29% of Restaurant Brands International worth $281,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of QSR. HM Payson & Co. purchased a new position in shares of Restaurant Brands International during the 1st quarter valued at $26,000. Dunhill Financial LLC lifted its stake in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after buying an additional 255 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 438.6% during the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator's stock valued at $52,000 after buying an additional 636 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Restaurant Brands International by 113.6% during the 1st quarter. Bessemer Group Inc. now owns 895 shares of the restaurant operator's stock valued at $60,000 after buying an additional 476 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Restaurant Brands International from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Monday. Bank of America decreased their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a research note on Friday, July 18th. UBS Group decreased 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. Guggenheim boosted their price target on shares of 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, Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $76.09.

Insider Activity

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is currently owned by company insiders.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded up $0.49 during trading on Friday, hitting $68.35. 827,552 shares of the company's stock were exchanged, compared to its average volume of 2,471,084. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.14 and a beta of 0.58. 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 business has a 50-day simple moving average of $68.59 and a 200-day simple moving average of $66.16. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The firm's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. On average, 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 was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were given a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International's dividend payout ratio (DPR) is 84.07%.

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.