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

International Assets Investment Management LLC purchased a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,114 shares of the restaurant operator’s stock, valued at approximately $5,634,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. bought a new stake in Restaurant Brands International in the fourth quarter worth $3,703,000. Wellington Management Group LLP bought a new stake in Restaurant Brands International in the third quarter worth $5,619,000. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 1.8% in the third quarter. Vanguard Group Inc. now owns 11,781,047 shares of the restaurant operator’s stock worth $784,853,000 after acquiring an additional 203,594 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Restaurant Brands International by 47.3% in the third quarter. Envestnet Asset Management Inc. now owns 403,990 shares of the restaurant operator’s stock worth $26,914,000 after acquiring an additional 129,713 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Restaurant Brands International by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 863,765 shares of the restaurant operator’s stock worth $57,666,000 after acquiring an additional 13,857 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

QSR stock opened at $74.30 on Wednesday. The company has a fifty day simple moving average of $76.52 and a two-hundred day simple moving average of $74.87. The firm has a market capitalization of $23.51 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. 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 Inc. has a 52 week low of $61.77 and a 52 week high of $83.29.

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

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 annualized dividend and a dividend yield of 3.12%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of research analyst reports. Evercore ISI upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. BMO Capital Markets upped their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Robert W. Baird upped their price target on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Evercore upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Loop Capital upped their price target on Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $83.56.

Insider Transactions at Restaurant Brands International

In related news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the sale, the insider now owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 388,737 shares of company stock worth $29,466,323. 1.25% of the stock is currently owned by insiders.

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.