AIA Group Ltd Boosts Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

AIA Group Ltd boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,575 shares of the restaurant operator’s stock after purchasing an additional 12,229 shares during the quarter. AIA Group Ltd’s holdings in Restaurant Brands International were worth $3,688,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Summerhill Capital Management lnc. purchased a new stake in Restaurant Brands International during the 4th quarter valued at $841,000. Baskin Financial Services Inc. boosted its stake 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 valued at $21,664,000 after purchasing an additional 9,208 shares in the last quarter. Aviso Financial Inc. increased its holdings in Restaurant Brands International by 4.1% during 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 during the period. Alberta Investment Management Corp raised its stake in Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after buying an additional 6,000 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International during the fourth quarter worth $32,000. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 6.1 %

QSR opened at $64.52 on Monday. The stock has a market capitalization of $21.12 billion, a PE ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $79.28. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business’s 50 day moving average price is $64.88 and its 200 day moving average price is $67.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, February 14th. Citigroup upped their price target 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. JPMorgan Chase & Co. lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Insiders Place Their Bets

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. The trade was a 5.05 % 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 27,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 300,226 shares of company stock worth $19,121,223 in the last ninety days. 1.36% of the stock is owned by corporate insiders.

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.