Desjardins Global Asset Management Inc. Acquires Shares of 29,435 Restaurant Brands International Inc. (NYSE:QSR)

Desjardins Global Asset Management Inc. acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,435 shares of the restaurant operator’s stock, valued at approximately $2,300,000.

A number of other institutional investors also recently added to or reduced their stakes in QSR. Bank of New York Mellon Corp boosted its holdings in Restaurant Brands International by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock valued at $17,623,000 after purchasing an additional 2,830 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Restaurant Brands International by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 229 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Restaurant Brands International by 12.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock worth $301,000 after acquiring an additional 577 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Restaurant Brands International by 73.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock worth $413,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Restaurant Brands International by 99.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock worth $21,798,000 after acquiring an additional 185,998 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on QSR. Stifel Nicolaus boosted their target price on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. TD Securities reduced their target price on Restaurant Brands International from $90.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, April 12th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, January 17th. Stephens reissued an “equal weight” rating and issued a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. Finally, Evercore ISI boosted their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 36,371 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the sale, the chief executive officer now owns 471,746 shares in the company, valued at $35,975,349.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joshua Kobza sold 36,371 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $2,773,652.46. Following the completion of the sale, the chief executive officer now directly owns 471,746 shares of the company’s stock, valued at $35,975,349.96. 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 quarter. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Stock Up 0.4 %

Shares of QSR stock opened at $70.82 on Wednesday. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.12 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.94 and a current ratio of 1.01. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29. The firm’s 50-day moving average is $77.36 and its 200-day moving average is $73.85.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.4 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

About Restaurant Brands International

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.