Desjardins Global Asset Management Inc. Buys Shares of 29,435 Restaurant Brands International Inc. (NYSE:QSR)

Desjardins Global Asset Management Inc. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,435 shares of the restaurant operator's stock, valued at approximately $2,300,000.

Other large investors have also recently modified their holdings of the company. Pacifica Partners Inc. increased its position 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 increased its position in shares of Restaurant Brands International by 88.3% during the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator's stock worth $29,000 after buying an additional 174 shares during the period. Fifth Third Bancorp raised its stake in Restaurant Brands International by 209.0% during the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator's stock worth $32,000 after buying an additional 278 shares during the last quarter. Janiczek Wealth Management LLC bought a new position in Restaurant Brands International during the third quarter worth $36,000. Finally, Larson Financial Group LLC lifted its holdings in Restaurant Brands International by 73,500.0% in the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator's stock valued at $49,000 after buying an additional 735 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Shares of QSR stock traded down $0.09 on Wednesday, hitting $70.73. 1,367,293 shares of the stock were exchanged, compared to its average volume of 1,455,041. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The firm's 50 day moving average is $77.36 and its two-hundred day moving average is $73.85. The firm has a market capitalization of $22.38 billion, a PE ratio of 18.79, a P/E/G ratio of 2.12 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.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.02. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Thursday, March 21st were given a $0.58 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. Restaurant Brands International's payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Oppenheimer boosted their price objective on Restaurant Brands International from $83.00 to $89.00 and gave the company an "outperform" rating in a research note on Friday, January 5th. TD Securities dropped 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, April 12th. TD Cowen reaffirmed a "buy" rating and set a $90.00 price objective on shares of Restaurant Brands International in a research report on Wednesday, April 10th. Evercore ISI lifted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets increased their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.25.

Insiders Place Their Bets

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

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.