72,114 Shares in Restaurant Brands International Inc. (NYSE:QSR) Bought by International Assets Investment Management LLC

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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 bought and sold shares of the company. 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 buying an additional 203,594 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 purchasing an additional 228,654 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of 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 purchasing an additional 21,544 shares during the period. Fiera Capital Corp grew its stake in Restaurant Brands International by 7.6% during the 3rd quarter. Fiera Capital Corp now owns 2,952,458 shares of the restaurant operator's stock worth $197,157,000 after buying an additional 207,609 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Restaurant Brands International by 4.2% during the third quarter. TD Asset Management Inc now owns 2,799,932 shares of the restaurant operator's stock worth $187,276,000 after buying an additional 113,946 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QSR has been the subject of several research analyst reports. Citigroup increased their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. BMO Capital Markets lifted their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Barclays upped their target price on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. CIBC lowered their price target on Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, January 17th. Finally, Evercore ISI upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Restaurant Brands International has an average rating of "Moderate Buy" and a consensus price target of $83.56.

Insider Transactions at Restaurant Brands International

In related news, Director Ali Hedayat sold 8,537 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now owns 22,881 shares of the company's stock, valued at $1,710,354.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Restaurant Brands International news, CEO Joshua Kobza sold 161,353 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the transaction, the chief executive officer now owns 578,125 shares of the company's stock, valued at approximately $43,688,906.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now directly owns 22,881 shares of the company's stock, valued at approximately $1,710,354.75. The disclosure for this sale can be found here. Insiders sold a total of 388,737 shares of company stock valued at $29,466,323 over the last three months. 1.25% of the stock is currently owned by insiders.

Restaurant Brands International Price Performance

NYSE QSR traded down $0.93 during trading hours on Wednesday, reaching $73.38. The company's stock had a trading volume of 2,095,067 shares, compared to its average volume of 1,514,668. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The company's 50-day moving average is $76.52 and its two-hundred day moving average is $74.87. 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 $23.22 billion, a PE ratio of 18.97, a PEG ratio of 2.30 and a beta of 0.92.

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

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International's payout ratio is 59.79%.

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.