Fiera Capital Corp Boosts Stake in Restaurant Brands International Inc. $QSR

Fiera Capital Corp boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 17.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,946,163 shares of the restaurant operator’s stock after purchasing an additional 724,540 shares during the period. Restaurant Brands International comprises approximately 1.0% of Fiera Capital Corp’s portfolio, making the stock its 29th largest position. Fiera Capital Corp owned 1.51% of Restaurant Brands International worth $317,191,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in QSR. Norges Bank purchased a new position in shares of Restaurant Brands International during the second quarter worth $254,948,000. State Street Corp lifted its stake in Restaurant Brands International by 9,477.4% during the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Restaurant Brands International by 112.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after acquiring an additional 2,277,694 shares during the period. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after acquiring an additional 1,134,665 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Restaurant Brands International by 56.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock valued at $189,510,000 after acquiring an additional 1,029,500 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on QSR. Citigroup reduced their price target on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Sanford C. Bernstein set a $82.00 price target on shares of Restaurant Brands International in a research note on Friday, February 13th. Scotiabank cut their price objective on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, February 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.62.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jeffrey Housman sold 5,835 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $413,526.45. Following the transaction, the insider directly owned 146,162 shares in the company, valued at $10,358,500.94. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ali Hedayat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total transaction of $509,390.00. Following the sale, the director owned 18,962 shares of the company’s stock, valued at $1,379,864.74. This represents a 26.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,911 shares of company stock valued at $7,189,969 over the last three months. 1.25% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $68.54 on Friday. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. The firm has a market capitalization of $23.75 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. The business’s fifty day moving average price is $68.75 and its 200 day moving average price is $67.43.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.73% and a net margin of 8.23%.Restaurant Brands International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. On average, sell-side analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is currently 105.08%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.