Mackenzie Financial Corp Raises Stake in Restaurant Brands International Inc. (NYSE:QSR)

Mackenzie Financial Corp grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,236,811 shares of the restaurant operator's stock after purchasing an additional 357,394 shares during the quarter. Mackenzie Financial Corp owned about 1.36% of Restaurant Brands International worth $331,197,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new position in Restaurant Brands International during the 4th quarter worth about $3,703,000. Wellington Management Group LLP acquired a new position in Restaurant Brands International during the 3rd quarter worth $5,619,000. Vanguard Group Inc. boosted its position in Restaurant Brands International by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator's stock valued at $784,853,000 after buying an additional 203,594 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Restaurant Brands International by 47.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator's stock valued at $26,914,000 after buying an additional 129,713 shares during the period. Finally, Baskin Financial Services Inc. raised its position in shares of Restaurant Brands International by 7.0% during the fourth quarter. Baskin Financial Services Inc. now owns 254,376 shares of the restaurant operator's stock worth $19,868,000 after acquiring an additional 16,678 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on QSR shares. Scotiabank lowered their price objective on Restaurant Brands International from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, February 14th. Royal Bank of Canada dropped their price target 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. CIBC reduced their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 17th. Evercore upped their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, TD Securities reduced their price target on Restaurant Brands International from $90.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.36.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares of the company's stock, valued at approximately $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the sale, the chief financial officer now directly owns 55,863 shares of the company's stock, valued at approximately $4,260,112.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the completion of the sale, the chief executive officer now owns 471,746 shares of the company's stock, valued at $35,975,349.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. Insiders own 1.25% of the company's stock.

Restaurant Brands International Stock Down 1.1 %

Shares of NYSE:QSR traded down $0.75 during trading on Monday, hitting $70.52. 1,423,508 shares of the company were exchanged, compared to its average volume of 1,453,313. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock has a market cap of $22.31 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 2.14 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The firm has a fifty day moving average price of $77.47 and a two-hundred day moving average price of $73.82.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 3.4 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International's dividend payout ratio is presently 61.54%.

Restaurant Brands International 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.