Restaurant Brands International Inc. $QSR Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. cut its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 504,261 shares of the restaurant operator's stock after selling 255,130 shares during the quarter. Restaurant Brands International makes up 1.0% of Intact Investment Management Inc.'s investment portfolio, making the stock its 26th biggest holding. Intact Investment Management Inc. owned about 0.15% of Restaurant Brands International worth $34,408,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its position in shares of Restaurant Brands International by 8.8% in the 4th quarter. Benjamin Edwards Inc. now owns 5,659 shares of the restaurant operator's stock valued at $386,000 after purchasing an additional 460 shares during the period. Davis Selected Advisers boosted its position in shares of Restaurant Brands International by 13.5% in the 4th quarter. Davis Selected Advisers now owns 4,020,791 shares of the restaurant operator's stock valued at $274,340,000 after purchasing an additional 478,403 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Restaurant Brands International by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 35,205 shares of the restaurant operator's stock valued at $2,402,000 after purchasing an additional 681 shares during the period. Caldwell Trust Co acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $177,000. Finally, Cadence Bank boosted its position in shares of Restaurant Brands International by 1.0% in the 4th quarter. Cadence Bank now owns 152,079 shares of the restaurant operator's stock valued at $10,376,000 after purchasing an additional 1,442 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Restaurant Brands International

In related news, insider Jacqueline Friesner sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider directly owned 165,727 shares of the company's stock, valued at $12,364,891.47. This trade represents a 15.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joshua Kobza sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the transaction, the chief executive officer directly owned 960,769 shares of the company's stock, valued at $72,105,713.45. The trade was a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,490 shares of company stock worth $32,375,140 over the last ninety days. 1.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stifel Nicolaus raised Restaurant Brands International from a "hold" rating to a "buy" rating and upped their target price for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Sanford C. Bernstein set a $82.00 price objective on Restaurant Brands International in a research note on Friday, February 13th. Barclays reduced their price objective on Restaurant Brands International from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, February 13th. Wells Fargo & Company upped their price objective on Restaurant Brands International from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Wednesday, April 15th. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.83.

Restaurant Brands International Stock Performance

NYSE QSR opened at $80.04 on Monday. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.67. The company has a market capitalization of $27.80 billion, a P/E ratio of 33.91, a PEG ratio of 2.25 and a beta of 0.53. The business has a 50 day moving average price of $74.90 and a 200 day moving average price of $71.01. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.81 EPS. Restaurant Brands International's quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Restaurant Brands International Inc. will post 4.05 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.62. Restaurant Brands International's dividend payout ratio (DPR) is 110.17%.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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