Geode Capital Management LLC Acquires 467,958 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Geode Capital Management LLC increased its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,847,805 shares of the restaurant operator's stock after buying an additional 467,958 shares during the period. Geode Capital Management LLC owned about 0.57% of Restaurant Brands International worth $123,137,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QSR. Franklin Resources Inc. boosted its stake in shares of Restaurant Brands International by 3.0% during the fourth quarter. Franklin Resources Inc. now owns 90,339 shares of the restaurant operator's stock valued at $5,881,000 after acquiring an additional 2,645 shares during the last quarter. AIA Group Ltd lifted its stake in shares of Restaurant Brands International by 27.6% during the fourth quarter. AIA Group Ltd now owns 56,575 shares of the restaurant operator's stock valued at $3,688,000 after buying an additional 12,229 shares during the period. Inkwell Capital LLC acquired a new stake in Restaurant Brands International during the fourth quarter worth approximately $3,370,000. Physician Wealth Advisors Inc. purchased a new stake in Restaurant Brands International in the 4th quarter worth approximately $60,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Restaurant Brands International by 119.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 27,621 shares of the restaurant operator's stock valued at $1,727,000 after acquiring an additional 15,039 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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Restaurant Brands International Price Performance

Restaurant Brands International stock traded down $0.11 during midday trading on Monday, hitting $62.78. The company's stock had a trading volume of 129,092 shares, compared to its average volume of 1,835,758. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $77.24. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock's 50-day moving average price is $65.31 and its 200-day moving average price is $66.69. The company has a market capitalization of $20.55 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72.

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 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%. Analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.62 dividend. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.95%. Restaurant Brands International's dividend payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup upped their target price on Restaurant Brands International from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Barclays decreased their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. TD Securities reaffirmed a "hold" rating and set a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, Robert W. Baird dropped their price objective on Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average price target of $76.63.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 278,716 shares of company stock worth $17,740,281 in the last ninety days. Corporate insiders own 1.36% of the company's stock.

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.