Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Guardian Capital LP

Guardian Capital LP raised its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,308,057 shares of the restaurant operator's stock after buying an additional 34,336 shares during the period. Restaurant Brands International comprises about 3.2% of Guardian Capital LP's investment portfolio, making the stock its 7th biggest position. Guardian Capital LP owned 0.40% of Restaurant Brands International worth $85,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in QSR. Bleakley Financial Group LLC boosted its position in Restaurant Brands International by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock valued at $204,000 after buying an additional 161 shares during the period. GeoWealth Management LLC boosted its position in shares of Restaurant Brands International by 7.0% in the 4th quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after purchasing an additional 163 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Restaurant Brands International by 1.3% during the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock valued at $915,000 after acquiring an additional 180 shares in the last quarter. Capital Analysts LLC increased its stake in Restaurant Brands International by 24.3% during the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 186 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator's stock worth $325,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In related news, insider Jeffrey Housman sold 14,593 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $939,497.34. Following the sale, the insider now directly owns 142,986 shares in the company, valued at $9,205,438.68. This trade represents a 9.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 278,716 shares of company stock valued at $17,740,281. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 0.5 %

Shares of NYSE QSR traded up $0.31 on Monday, reaching $66.93. 541,021 shares of the company traded hands, compared to its average volume of 1,839,128. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $76.49. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a 50 day moving average of $65.03 and a 200 day moving average of $65.88. The stock has a market capitalization of $21.93 billion, a PE ratio of 21.06, a P/E/G ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.62 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.71%. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is presently 77.99%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on QSR. Jefferies Financial Group dropped their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. TD Securities reissued a "hold" rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Robert W. Baird cut their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Finally, Truist Financial lowered their price objective on Restaurant Brands International from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.27.

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.