Northwest & Ethical Investments L.P. Raises Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Northwest & Ethical Investments L.P. boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,711 shares of the restaurant operator’s stock after acquiring an additional 3,511 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Restaurant Brands International were worth $5,381,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $32,000. IFP Advisors Inc grew its stake in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 412 shares in the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $74,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Restaurant Brands International by 74.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after buying an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on QSR shares. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday. Oppenheimer cut their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Citigroup boosted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley cut their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Restaurant Brands International Trading Down 0.1 %

NYSE:QSR opened at $67.93 on Friday. The company has a fifty day moving average of $64.12 and a 200 day moving average of $67.28. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $81.27. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $22.08 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Duncan Fulton sold 27,500 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,726 shares of company stock valued at $18,269,723. 1.36% of the stock is currently owned by company 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.