Fiera Capital Corp Buys 1,889,359 Shares of Restaurant Brands International Inc. $QSR

Fiera Capital Corp lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 38.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,835,522 shares of the restaurant operator’s stock after acquiring an additional 1,889,359 shares during the quarter. Restaurant Brands International makes up approximately 1.5% of Fiera Capital Corp’s holdings, making the stock its 19th biggest position. Fiera Capital Corp’s holdings in Restaurant Brands International were worth $466,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after purchasing an additional 154 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Restaurant Brands International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock worth $548,000 after purchasing an additional 161 shares during the period. Applied Finance Capital Management LLC boosted its stake in Restaurant Brands International by 1.9% in the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares during the period. Asset Management One Co. Ltd. boosted its stake in Restaurant Brands International by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock worth $3,967,000 after purchasing an additional 194 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in Restaurant Brands International by 4.4% in the 3rd quarter. Cresset Asset Management LLC now owns 5,336 shares of the restaurant operator’s stock worth $346,000 after purchasing an additional 225 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QSR has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird upped their price target on Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley upped their price target on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Truist Financial upped their price target on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, CL King set a $81.00 price target on Restaurant Brands International in a research note on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.54.

Insider Activity

In other news, insider Jeffrey Housman sold 20,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $73.48, for a total transaction of $1,469,600.00. Following the completion of the transaction, the insider directly owned 162,077 shares in the company, valued at approximately $11,909,417.96. This represents a 10.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 40,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.51, for a total value of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares of the company’s stock, valued at $2,664,924.66. This represents a 52.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 350,000 shares of company stock worth $26,198,650. 1.22% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Down 0.1%

NYSE QSR opened at $72.60 on Monday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market capitalization of $25.22 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.88 and a beta of 0.49. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The stock has a 50 day moving average price of $76.61 and a 200-day moving average price of $72.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. As a group, equities analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 91.55%.

Restaurant Brands International Company 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.