Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Baskin Financial Services Inc.

Baskin Financial Services Inc. raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,376 shares of the restaurant operator's stock after purchasing an additional 16,678 shares during the period. Restaurant Brands International accounts for approximately 1.8% of Baskin Financial Services Inc.'s holdings, making the stock its 26th biggest position. Baskin Financial Services Inc. owned approximately 0.08% of Restaurant Brands International worth $19,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Pacifica Partners Inc. boosted its stake in Restaurant Brands International by 196.0% during the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 245 shares during the period. Rise Advisors LLC lifted its stake in shares of Restaurant Brands International by 88.3% in the 4th quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 174 shares during the period. Fifth Third Bancorp lifted its stake in shares of Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 278 shares during the period. Janiczek Wealth Management LLC acquired a new stake in shares of Restaurant Brands International in the 3rd quarter worth approximately $36,000. Finally, Larson Financial Group LLC lifted its stake in shares of Restaurant Brands International by 73,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 735 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QSR. JPMorgan Chase & Co. upped their price target on shares of Restaurant Brands International from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Royal Bank of Canada cut their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. Truist Financial cut their target price on shares of Restaurant Brands International from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, February 14th. Piper Sandler cut their target price on shares of Restaurant Brands International from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Wednesday, February 14th. Finally, Scotiabank cut their target price on shares of Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.30.

Restaurant Brands International Stock Down 0.7 %

Shares of QSR traded down $0.52 during mid-day trading on Tuesday, hitting $77.93. 856,793 shares of the company's stock were exchanged, compared to its average volume of 1,432,077. The firm has a fifty day moving average of $78.24 and a two-hundred day moving average of $73.39. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.39 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. Restaurant Brands International's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.4 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be issued a dividend of $0.58 per share. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, March 20th. Restaurant Brands International's dividend payout ratio is currently 61.54%.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 161,353 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares of the company's stock, valued at approximately $43,688,906.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the sale, the chief executive officer now directly owns 578,125 shares of the company's stock, valued at approximately $43,688,906.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company's stock, valued at $16,055,399.10. The disclosure for this sale can be found here. In the last three months, insiders sold 408,792 shares of company stock valued at $31,016,900. Company insiders own 1.25% of the company's stock.

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.

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