Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Meritage Group LP

Meritage Group LP raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 5,795.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,301,689 shares of the restaurant operator's stock after acquiring an additional 3,245,689 shares during the period. Restaurant Brands International makes up 5.1% of Meritage Group LP's investment portfolio, making the stock its 8th biggest holding. Meritage Group LP owned 1.02% of Restaurant Brands International worth $215,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in QSR. Inkwell Capital LLC purchased a new stake in Restaurant Brands International in the 4th quarter valued at approximately $3,370,000. Summerhill Capital Management lnc. purchased a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $841,000. Aviso Financial Inc. boosted its stake in shares of Restaurant Brands International by 4.1% in the fourth quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator's stock valued at $61,384,000 after buying an additional 37,241 shares in the last quarter. Baskin Financial Services Inc. grew its holdings in 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. Finally, Baupost Group LLC MA raised its position in Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after acquiring an additional 2,873,406 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 1.9 %

Shares of NYSE QSR traded down $1.19 on Wednesday, reaching $62.68. 1,902,946 shares of the company traded hands, compared to its average volume of 1,848,787. The stock has a market capitalization of $20.54 billion, a PE ratio of 19.71, a P/E/G ratio of 1.77 and a beta of 0.72. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week 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. The company has a 50 day moving average of $65.00 and a 200 day moving average of $66.29.

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 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%. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a $0.62 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.96%. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In related news, CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the sale, the chief financial officer now owns 55,761 shares of the company's stock, valued at approximately $3,476,698.35. This represents a 24.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the transaction, the insider now directly owns 34,822 shares in the company, valued at approximately $2,251,590.52. This trade represents a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 278,716 shares of company stock valued at $17,740,281. Company insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on QSR shares. Wells Fargo & Company decreased their target price on shares of Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Robert W. Baird lowered their target price on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. 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. JPMorgan Chase & Co. lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, Stifel Nicolaus reduced their price objective on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a report on Friday, January 10th. One 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's stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus price target of $76.25.

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.