International Assets Investment Management LLC Takes $5.63 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

International Assets Investment Management LLC bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 72,114 shares of the restaurant operator's stock, valued at approximately $5,634,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new position in shares of Restaurant Brands International in the 4th quarter valued at approximately $3,703,000. Wellington Management Group LLP purchased a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $5,619,000. Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 1.8% in the third 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Restaurant Brands International by 47.3% in the third 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 in the last quarter. Finally, Baskin Financial Services Inc. boosted its stake in shares of Restaurant Brands International by 7.0% in the fourth quarter. Baskin Financial Services Inc. now owns 254,376 shares of the restaurant operator's stock valued at $19,868,000 after buying an additional 16,678 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was 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 owns 210,535 shares of the company's stock, valued at $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Restaurant Brands International news, insider Jill Granat sold 23,322 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $1,761,977.10. Following the completion of the sale, the insider now owns 406,860 shares of the company's stock, valued at $30,738,273. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Chan Shear sold 17,556 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares of the company's stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock worth $28,828,182. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Trading Up 0.4 %

Restaurant Brands International stock traded up $0.29 during trading on Tuesday, hitting $70.82. The company's stock had a trading volume of 1,646,422 shares, compared to its average volume of 1,455,379. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.14 and a beta of 0.91. The stock's fifty day moving average is $77.36 and its 200 day moving average is $73.85. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01.

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

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.58 dividend. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International's dividend payout ratio is presently 61.54%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of analyst reports. Evercore lifted their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. TD Securities decreased their price target on Restaurant Brands International from $90.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday. Truist Financial decreased their price target on Restaurant Brands International from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets lifted their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Finally, Guggenheim lifted their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $82.25.

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.