OneDigital Investment Advisors LLC Invests $721,000 in Restaurant Brands International Inc. (NYSE:QSR)

OneDigital Investment Advisors LLC bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,818 shares of the restaurant operator's stock, valued at approximately $721,000.

A number of other large investors have also recently added to or reduced their stakes in QSR. Norges Bank bought a new stake in Restaurant Brands International during the fourth quarter worth approximately $264,813,000. Meritage Group LP boosted its stake in Restaurant Brands International by 5,795.9% in the 4th 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 during the period. Baupost Group LLC MA boosted its stake in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after purchasing an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. boosted its stake in Restaurant Brands International by 26.6% in 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 during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Restaurant Brands International by 967.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock worth $70,793,000 after purchasing an additional 985,615 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QSR shares. Truist Financial raised their price objective on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday. CIBC decreased their price objective on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. UBS Group decreased their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Restaurant Brands International has an average rating of "Hold" and a consensus target price of $75.82.

Insider Buying and Selling

In related news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Stock Down 0.6%

Shares of Restaurant Brands International stock traded down $0.40 during midday trading on Friday, reaching $67.35. 1,865,758 shares of the company's stock traded hands, compared to its average volume of 2,104,358. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.99 and a beta of 0.58. The company's 50 day simple moving average is $68.53 and its 200 day simple moving average is $65.68. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.07.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter 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. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th were issued a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.68%. 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.