Scotia Capital Inc. Has $100.46 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Scotia Capital Inc. increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,544,713 shares of the restaurant operator's stock after purchasing an additional 24,319 shares during the quarter. Scotia Capital Inc. owned 0.48% of Restaurant Brands International worth $100,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its holdings in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International during the fourth quarter valued at approximately $32,000. IFP Advisors Inc raised its position in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 412 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $60,000. Finally, Crewe Advisors LLC acquired a new position in Restaurant Brands International during the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 82.29% of the company's stock.

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Insider Transactions at Restaurant Brands International

In other news, CEO Joshua Kobza sold 93,619 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares of the company's stock, valued at approximately $16,023,731.36. The trade was a 5.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 278,716 shares of company stock worth $17,740,281. 1.36% of the stock is owned by insiders.

Restaurant Brands International Stock Down 0.9 %

Shares of Restaurant Brands International stock traded down $0.56 during midday trading on Tuesday, reaching $62.43. 452,130 shares of the company's stock traded hands, compared to its average volume of 1,836,528. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $77.24. The company's 50 day simple moving average is $65.32 and its 200 day simple moving average is $66.63. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.62 dividend. This is a positive change 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 dividend yield of 3.97%. Restaurant Brands International's dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent research reports. Morgan Stanley cut their target price on 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. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer dropped their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Citigroup boosted their price objective on Restaurant Brands International from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Argus upgraded Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average target price of $76.63.

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.