Northwest & Ethical Investments L.P. Purchases 12,908 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Restaurant Brands International by 15.6% in the first quarter, purchasing an additional 12,908 shares, bringing its total holdings to 95,619 shares valued at $6.38 million.
• Major institutional investors such as Vanguard Group Inc. and EdgePoint Investment Group Inc. also reported increases in their stakes, indicating strong institutional interest in Restaurant Brands International.
• The company announced a quarterly dividend of $0.62 per share, scheduled for distribution on October 7th, representing a 3.8% dividend yield.

Northwest & Ethical Investments L.P. increased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,619 shares of the restaurant operator's stock after buying an additional 12,908 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Restaurant Brands International were worth $6,378,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock worth $944,538,000 after purchasing an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in 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 purchasing an additional 2,695,071 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after purchasing an additional 47,192 shares in the last quarter. Mackenzie Financial Corp increased its stake in Restaurant Brands International by 17.1% during the 1st quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator's stock worth $327,486,000 after purchasing an additional 717,867 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Restaurant Brands International by 29.4% during the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator's stock worth $308,698,000 after purchasing an additional 1,053,640 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent analyst reports. CIBC cut their price objective on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Wells Fargo & Company cut their price target on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Sanford C. Bernstein set a $78.00 price target on Restaurant Brands International in a report on Friday, August 8th. Morgan Stanley dropped their target price on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a report on Monday, July 14th. Finally, Royal Bank Of Canada dropped their target price on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $75.04.

Insider Activity at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.25% of the stock is owned by company insiders.

Restaurant Brands International Stock Up 0.3%

Shares of NYSE QSR opened at $65.35 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $21.42 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58. The stock's fifty day simple moving average is $67.52 and its two-hundred day simple moving average is $66.62. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%. The business's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS. As a group, analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

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.

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