CANADA LIFE ASSURANCE Co Buys 9,688 Shares of Restaurant Brands International Inc. (NYSE:QSR)

CANADA LIFE ASSURANCE Co grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,126 shares of the restaurant operator's stock after buying an additional 9,688 shares during the period. CANADA LIFE ASSURANCE Co owned 0.09% of Restaurant Brands International worth $19,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QSR. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International in the fourth quarter worth $32,000. IFP Advisors Inc boosted its stake in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after buying an additional 412 shares during the period. Physician Wealth Advisors Inc. purchased a new position in Restaurant Brands International during the fourth quarter worth about $60,000. Finally, Crewe Advisors LLC bought a new position in Restaurant Brands International in the 4th quarter worth about $74,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. The trade was a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Housman sold 14,593 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total transaction of $939,497.34. Following the sale, the insider now owns 142,986 shares in the company, valued at approximately $9,205,438.68. The trade was a 9.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 278,716 shares of company stock valued at $17,740,281 in the last 90 days. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSR. CIBC cut their price objective on Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. TD Securities reissued a "hold" rating and issued a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. Jefferies Financial Group dropped their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Finally, Barclays cut their price objective on Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $76.25.

Restaurant Brands International Stock Down 0.2 %

Shares of QSR stock traded down $0.14 during midday trading on Thursday, reaching $62.56. 1,263,939 shares of the stock were exchanged, compared to its average volume of 1,850,006. The firm has a market cap of $20.50 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company's 50 day moving average is $64.96 and its two-hundred day moving average is $66.27. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $77.24.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

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

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.