Intact Investment Management Inc. Has $46.78 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Intact Investment Management Inc. boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 701,691 shares of the restaurant operator's stock after purchasing an additional 75,500 shares during the period. Restaurant Brands International accounts for approximately 1.6% of Intact Investment Management Inc.'s portfolio, making the stock its 17th biggest position. Intact Investment Management Inc. owned about 0.21% of Restaurant Brands International worth $46,783,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of 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 buying an additional 841,167 shares in the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. raised 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 valued at $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Norges Bank acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at $264,813,000. Finally, Meritage Group LP boosted its holdings in Restaurant Brands International by 5,795.9% in the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Securities reaffirmed a "hold" rating and issued a $70.00 price target on shares of Restaurant Brands International in a research report on Tuesday, February 25th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. CIBC dropped their price target on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Citigroup lowered their target price on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Guggenheim upped their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $75.68.

Restaurant Brands International Stock Down 0.8%

Shares of QSR stock traded down $0.50 on Tuesday, hitting $65.45. 3,284,415 shares of the stock were exchanged, compared to its average volume of 1,954,989. The business has a 50-day moving average of $67.54 and a 200 day moving average of $65.71. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.07. The firm has a market capitalization of $21.45 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. 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 posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 EPS 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 analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The company's quarterly revenue was up 21.3% on a year-over-year basis. Equities 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 disclosed 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 of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.79%. Restaurant Brands International's payout ratio is 84.07%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the company's stock in a transaction on 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 now directly owns 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

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.