National Bank of Canada FI Acquires 717,801 Shares of Restaurant Brands International Inc. (NYSE:QSR)

National Bank of Canada FI grew its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,253,620 shares of the restaurant operator's stock after purchasing an additional 717,801 shares during the quarter. National Bank of Canada FI owned approximately 0.72% of Restaurant Brands International worth $173,167,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of QSR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Restaurant Brands International by 49.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,931 shares of the restaurant operator's stock worth $14,127,000 after purchasing an additional 59,627 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Restaurant Brands International during the fourth quarter worth about $3,703,000. Allspring Global Investments Holdings LLC raised its stake in Restaurant Brands International by 248,359.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,930 shares of the restaurant operator's stock worth $7,182,000 after acquiring an additional 91,893 shares during the period. Wellington Management Group LLP acquired a new position in Restaurant Brands International in the third quarter valued at approximately $5,619,000. Finally, Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 1.8% during the third 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 last quarter. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Price Performance

Restaurant Brands International stock traded up $1.62 during mid-day trading on Friday, hitting $75.83. The company's stock had a trading volume of 1,447,447 shares, compared to its average volume of 1,649,227. The stock has a market capitalization of $23.99 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.25 and a beta of 0.92. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The stock's fifty day moving average price is $76.56 and its two-hundred day moving average price is $74.59. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 annualized dividend and a yield of 3.06%. Restaurant Brands International's payout ratio is presently 59.79%.

Analysts Set New Price Targets

Several analysts recently issued reports on QSR shares. Scotiabank raised their price target on Restaurant Brands International from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, April 29th. Barclays boosted their price target on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup upped their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a "neutral" rating in a research report on Wednesday. TD Cowen reiterated a "buy" rating and issued a $84.00 price objective on shares of Restaurant Brands International in a research report on Tuesday. Finally, Evercore ISI upped their target price on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. One 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 stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus target price of $83.56.

Insider Buying and Selling at Restaurant Brands International

In other news, CEO Joshua Kobza sold 161,353 shares of Restaurant Brands International stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 578,125 shares of the company's stock, valued at $43,688,906.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Matthew Dunnigan sold 14,565 shares of the company'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 $1,110,726.90. Following 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 $43,688,906.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,200 shares of company stock valued at $28,828,182. 1.25% of the stock is currently owned by corporate insiders.

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.