Intact Investment Management Inc. Sells 341,030 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Intact Investment Management Inc. reduced its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 37.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 570,084 shares of the restaurant operator's stock after selling 341,030 shares during the quarter. Restaurant Brands International comprises 1.8% of Intact Investment Management Inc.'s portfolio, making the stock its 15th biggest position. Intact Investment Management Inc. owned 0.18% of Restaurant Brands International worth $44,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 203,594 shares during the period. CIBC Asset Management Inc lifted its stake in Restaurant Brands International by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator's stock valued at $290,287,000 after acquiring an additional 228,654 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Restaurant Brands International by 9.2% in the 4th quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator's stock valued at $331,197,000 after acquiring an additional 357,394 shares in the last quarter. Bank of Nova Scotia lifted its stake in Restaurant Brands International by 0.7% in the 3rd quarter. Bank of Nova Scotia now owns 3,235,000 shares of the restaurant operator's stock valued at $215,429,000 after acquiring an additional 21,544 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Restaurant Brands International by 7.6% in the 3rd quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator's stock valued at $197,157,000 after acquiring an additional 207,609 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Restaurant Brands International

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Royal Bank of Canada cut their target price on Restaurant Brands International from $91.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 14th. TD Cowen restated a "buy" rating and issued a $90.00 target price on shares of Restaurant Brands International in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Oppenheimer boosted their target price 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. Finally, CIBC dropped their price objective on 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.25.

Restaurant Brands International Trading Up 1.0 %

Restaurant Brands International stock traded up $0.75 during trading hours on Friday, hitting $73.82. The stock had a trading volume of 1,306,254 shares, compared to its average volume of 1,398,663. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 2.78. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.16 and a beta of 0.91. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The business's 50 day simple moving average is $76.72 and its 200-day simple moving average is $74.28.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted 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 the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.38 EPS 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. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. The ex-dividend date was Wednesday, March 20th. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 3.14%. Restaurant Brands International's dividend payout ratio (DPR) is currently 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.