Raymond James Financial Inc. Purchases Shares of 295,236 Restaurant Brands International Inc. (NYSE:QSR)

Raymond James Financial Inc. purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 295,236 shares of the restaurant operator's stock, valued at approximately $19,243,000. Raymond James Financial Inc. owned approximately 0.09% of Restaurant Brands International as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its holdings in Restaurant Brands International by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator's stock valued at $204,000 after purchasing an additional 161 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of 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 buying an additional 180 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 buying an additional 210 shares during the period. Signaturefd LLC grew its position in Restaurant Brands International by 3.2% during the fourth quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator's stock worth $436,000 after buying an additional 210 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased 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 valued at $319,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.1 %

Shares of QSR traded down $0.08 during trading hours on Friday, hitting $62.51. 342,532 shares of the stock traded hands, compared to its average volume of 1,844,106. The business has a fifty day moving average of $64.92 and a 200-day moving average of $66.22. The firm has a market capitalization of $20.48 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $77.24. 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 (NYSE:QSR - Get Free Report) TSE: QSR last released 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%. Analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several recent research reports. TD Cowen lowered Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price objective on the stock. in a report on Friday, February 14th. Jefferies Financial Group decreased their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Citigroup dropped their price objective on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus decreased 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 report on Friday, January 10th. Finally, Robert W. Baird dropped their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. One 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.25.

Insider Transactions at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares of the company's stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 278,716 shares of company stock worth $17,740,281 in the last three months. 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.