Fiera Capital Corp Increases Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Fiera Capital Corp grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,092,820 shares of the restaurant operator's stock after acquiring an additional 140,362 shares during the quarter. Fiera Capital Corp owned 0.99% of Restaurant Brands International worth $243,711,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake 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 worth $784,853,000 after buying an additional 203,594 shares during the period. Mackenzie Financial Corp grew its stake in Restaurant Brands International by 9.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,236,811 shares of the restaurant operator's stock valued at $331,197,000 after purchasing an additional 357,394 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Restaurant Brands International by 0.7% in the third 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. National Bank of Canada FI raised its stake in shares of Restaurant Brands International by 46.7% in the fourth quarter. National Bank of Canada FI now owns 2,253,620 shares of the restaurant operator's stock worth $173,167,000 after purchasing an additional 717,801 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Restaurant Brands International by 7.6% during the third quarter. Legal & General Group Plc now owns 1,468,493 shares of the restaurant operator's stock worth $98,236,000 after purchasing an additional 103,692 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 246,196 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the completion of the sale, the chief executive officer now owns 595,764 shares of the company's stock, valued at $44,783,579.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Joshua Kobza sold 246,196 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ali Hedayat sold 8,537 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the transaction, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The disclosure for this sale can be found here. Insiders sold a total of 634,933 shares of company stock worth $47,972,876 in the last ninety days. Insiders own 1.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on QSR. Piper Sandler reduced their price target on shares of Restaurant Brands International from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Robert W. Baird upped their price target on shares of Restaurant Brands International from $76.00 to $82.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. KeyCorp lifted their price objective on Restaurant Brands International from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Barclays raised their target price on Restaurant Brands International from $87.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Finally, Stephens reissued an "equal weight" rating and issued a $75.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.56.

Restaurant Brands International Trading Down 1.0 %

Shares of NYSE:QSR traded down $0.75 during midday trading on Friday, reaching $70.85. The company's stock had a trading volume of 1,730,100 shares, compared to its average volume of 1,565,575. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. The business has a 50 day moving average price of $75.46 and a 200 day moving average price of $75.07. Restaurant Brands International Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The company has a quick ratio of 1.00, 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 posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Restaurant Brands International Inc. will post 3.34 EPS 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. Stockholders of record on Friday, June 21st will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.27%. Restaurant Brands International's dividend payout ratio is presently 59.79%.

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.

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