Natixis Advisors LLC Purchases 2,292 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Natixis Advisors LLC lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,726 shares of the restaurant operator’s stock after acquiring an additional 2,292 shares during the period. Natixis Advisors LLC’s holdings in Restaurant Brands International were worth $3,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. D1 Capital Partners L.P. acquired a new position in Restaurant Brands International during the second quarter valued at approximately $200,097,000. Canada Pension Plan Investment Board lifted its position in shares of Restaurant Brands International by 31.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after buying an additional 835,000 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after buying an additional 773,783 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after acquiring an additional 518,795 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 1.0 %

Shares of NYSE:QSR opened at $69.10 on Friday. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50-day moving average is $70.23 and its 200-day moving average is $70.06. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on QSR shares. TD Cowen reduced their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Piper Sandler cut their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. KeyCorp cut their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Citigroup upped their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.37.

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.