Alberta Investment Management Corp Buys 6,000 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Alberta Investment Management Corp boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 914,500 shares of the restaurant operator’s stock after purchasing an additional 6,000 shares during the period. Alberta Investment Management Corp owned approximately 0.28% of Restaurant Brands International worth $59,574,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth $61,000. Crewe Advisors LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $74,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Restaurant Brands International by 74.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 567 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares in the company, valued at $1,750,477.20. The trade was a 16.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,510 shares of company stock worth $7,774,020. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Price Performance

Shares of QSR opened at $64.69 on Wednesday. The company has a 50 day moving average price of $64.13 and a 200-day moving average price of $67.98. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The stock has a market capitalization of $20.99 billion, a PE ratio of 16.21, a PEG ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 16.01% and a return on equity of 28.25%. Equities analysts predict that Restaurant Brands International Inc. will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Analyst Ratings Changes

QSR has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Evercore ISI lowered their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Finally, TD Cowen cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.96.

Restaurant Brands International Company 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.