International Assets Investment Management LLC Acquires Shares of 72,114 Restaurant Brands International Inc. (NYSE:QSR)

International Assets Investment Management LLC acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 72,114 shares of the restaurant operator’s stock, valued at approximately $5,634,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QSR. Pacifica Partners Inc. lifted its stake in Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 245 shares during the last quarter. Rise Advisors LLC lifted its stake in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 174 shares during the last quarter. Fifth Third Bancorp lifted its stake in Restaurant Brands International by 209.0% in the fourth quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares during the last quarter. Janiczek Wealth Management LLC purchased a new stake in Restaurant Brands International in the third quarter valued at approximately $36,000. Finally, Larson Financial Group LLC lifted its stake in Restaurant Brands International by 73,500.0% in the third quarter. Larson Financial Group LLC now owns 736 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In other 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 value of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares in the company, valued at $4,260,112.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider David Chan Shear sold 17,556 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 value of $1,338,820.56. Following the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Dunnigan sold 14,565 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares in the company, valued at $4,260,112.38. The disclosure for this sale can be found here. Insiders have sold 380,200 shares of company stock worth $28,828,182 over the last three months. 1.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QSR. Scotiabank cut their price target on Restaurant Brands International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Guggenheim upped their price target on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Piper Sandler cut their price target on Restaurant Brands International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Royal Bank of Canada cut their price target on Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, Evercore ISI upped their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.36.

Restaurant Brands International Stock Down 1.1 %

Restaurant Brands International stock opened at $70.52 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The stock’s fifty day moving average is $77.47 and its two-hundred day moving average is $73.82.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Restaurant Brands International had a return on equity of 32.20% and a net margin of 16.95%. Restaurant Brands International’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Analysts predict that Restaurant Brands International Inc. will post 3.4 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.58 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 20th. Restaurant Brands International’s dividend payout ratio 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.