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

Raymond James Financial Inc. purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 295,236 shares of the restaurant operator's stock, valued at approximately $19,243,000. Raymond James Financial Inc. owned 0.09% of Restaurant Brands International as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of QSR. Summerhill Capital Management lnc. bought a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $841,000. Baskin Financial Services Inc. boosted its holdings in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after acquiring an additional 9,208 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator's stock worth $59,574,000 after acquiring an additional 6,000 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the fourth quarter worth approximately $32,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after acquiring an additional 126,600 shares during the period. Institutional investors own 82.29% of the company's stock.

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Restaurant Brands International Trading Down 0.1 %

Shares of Restaurant Brands International stock traded down $0.10 during trading on Thursday, hitting $67.93. The company's stock had a trading volume of 1,640,759 shares, compared to its average volume of 1,710,929. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $81.27. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The stock has a 50-day moving average price of $64.02 and a two-hundred day moving average price of $67.27.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly 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 12.15% and a return on equity of 28.53%. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio is 77.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. CIBC dropped their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, January 10th. Morgan Stanley dropped their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Guggenheim upgraded shares of Restaurant Brands International from a "neutral" rating to a "buy" rating and dropped their price target for the company from $74.00 to $71.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.08.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jeffrey Housman sold 14,593 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $939,497.34. Following the sale, the insider now owns 142,986 shares in the company, valued at $9,205,438.68. This represents a 9.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Duncan Fulton sold 15,974 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the sale, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. This represents a 26.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 287,726 shares of company stock valued at $18,269,723. 1.36% of the stock is currently owned by insiders.

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.