Restaurant Brands International Inc. (NYSE:QSR) Stake Boosted by Scheer Rowlett & Associates Investment Management Ltd.

Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,072 shares of the restaurant operator’s stock after purchasing an additional 34,729 shares during the quarter. Restaurant Brands International makes up about 3.1% of Scheer Rowlett & Associates Investment Management Ltd.’s investment portfolio, making the stock its 14th largest holding. Scheer Rowlett & Associates Investment Management Ltd. owned about 0.20% of Restaurant Brands International worth $41,990,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Summerhill Capital Management lnc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth approximately $841,000. Baskin Financial Services Inc. increased its position in Restaurant Brands International by 2.8% in the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after buying an additional 9,208 shares during the period. Alberta Investment Management Corp lifted its stake in Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after buying an additional 6,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after acquiring an additional 126,600 shares during the period. Finally, Partners Capital Investment Group LLP bought a new position in shares of Restaurant Brands International during the fourth quarter worth about $4,969,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Jefferies Financial Group reduced their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. Finally, Stifel Nicolaus decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.33.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,339 shares of company stock valued at $19,016,984 over the last quarter. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

NYSE QSR opened at $69.65 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The company has a market cap of $22.64 billion, a PE ratio of 21.90, a PEG ratio of 1.77 and a beta of 0.93. The stock’s 50-day moving average price is $63.54 and its two-hundred day moving average price is $67.46.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results 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, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

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.