Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by State Street Corp

State Street Corp lessened its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,296 shares of the restaurant operator’s stock after selling 1,031 shares during the period. State Street Corp’s holdings in Restaurant Brands International were worth $2,275,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. raised its position in Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after buying an additional 536,124 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after purchasing an additional 773,783 shares in the last quarter. Mackenzie Financial Corp lifted its position in Restaurant Brands International by 10.3% in the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after purchasing an additional 518,795 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Restaurant Brands International by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock valued at $291,615,000 after purchasing an additional 169,458 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after purchasing an additional 227,203 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer lowered their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, November 14th. CIBC lowered their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Finally, Bank of America lifted their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $65.18 on Thursday. 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 firm has a market capitalization of $21.11 billion, a P/E ratio of 16.34, a PEG ratio of 2.27 and a beta of 0.93. The firm has a fifty day moving average of $68.54 and a 200-day moving average of $69.74. Restaurant Brands International Inc. has a 52-week low of $64.55 and a 52-week high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

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.