Cidel Asset Management Inc. Acquires 99,383 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Cidel Asset Management Inc. raised its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 17.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 654,957 shares of the restaurant operator's stock after purchasing an additional 99,383 shares during the quarter. Restaurant Brands International comprises approximately 2.9% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Cidel Asset Management Inc. owned 0.20% of Restaurant Brands International worth $43,655,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QSR. Norges Bank bought a new position in shares of Restaurant Brands International in the fourth quarter valued at approximately $264,813,000. Meritage Group LP lifted its position 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 during the period. Baupost Group LLC MA boosted its stake in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after purchasing an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. increased its position 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 during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Restaurant Brands International by 967.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator's stock valued at $70,793,000 after purchasing an additional 985,615 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity

In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated 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. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research reports. Wells Fargo & Company decreased their target price on 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. UBS Group reduced 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 report on Monday, May 5th. Guggenheim lifted their price objective 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. Oppenheimer boosted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Finally, Argus upgraded shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.68.

Restaurant Brands International Stock Up 0.4%

NYSE:QSR traded up $0.30 on Wednesday, hitting $68.22. 2,807,466 shares of the company's stock traded hands, compared to its average volume of 2,096,378. The company has a market cap of $22.36 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.07. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The firm has a 50-day moving average price of $67.89 and a 200-day moving average price of $65.59.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced 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 net margin of 10.82% and a return on equity of 28.94%. The company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The business's revenue for the quarter 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 fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend 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.