Aviva PLC Purchases 73,393 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Aviva PLC increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 621.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,212 shares of the restaurant operator's stock after purchasing an additional 73,393 shares during the period. Aviva PLC's holdings in Restaurant Brands International were worth $5,543,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bleakley Financial Group LLC boosted its stake in Restaurant Brands International by 5.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock worth $204,000 after buying an additional 161 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Restaurant Brands International by 1.3% in the fourth quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator's stock valued at $915,000 after acquiring an additional 180 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Restaurant Brands International by 4.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator's stock valued at $325,000 after acquiring an additional 210 shares during the period. Signaturefd LLC raised its position in Restaurant Brands International by 3.2% in the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock worth $436,000 after purchasing an additional 210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Restaurant Brands International by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,899 shares of the restaurant operator's stock worth $319,000 after purchasing an additional 233 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Oppenheimer dropped their target price on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Loop Capital reiterated a "buy" rating on shares of Restaurant Brands International in a research note on Tuesday, March 18th. Morgan Stanley reduced their target price 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. Truist Financial dropped their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Guggenheim boosted their price target on shares of Restaurant Brands International from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus target price of $76.63.

Restaurant Brands International Trading Down 0.6 %

Shares of QSR stock traded down $0.39 on Tuesday, hitting $62.60. The stock had a trading volume of 237,091 shares, compared to its average volume of 1,835,945. 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 twelve month low of $58.71 and a twelve month high of $77.24. The company has a fifty day moving average price of $65.32 and a two-hundred day moving average price of $66.63. The firm has a market cap of $20.49 billion, a P/E ratio of 19.66, a PEG ratio of 1.77 and a beta of 0.72.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its 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%. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.96%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, March 21st. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Insiders Place Their Bets

In related news, CFO Sami A. Siddiqui sold 18,477 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares in the company, valued at approximately $3,476,698.35. This trade represents a 24.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,716 shares of company stock worth $17,740,281. Company insiders own 1.36% of the company's stock.

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.