MML Investors Services LLC Has $654,000 Position in Restaurant Brands International Inc. (NYSE:QSR)

MML Investors Services LLC raised its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,066 shares of the restaurant operator’s stock after purchasing an additional 476 shares during the quarter. MML Investors Services LLC’s holdings in Restaurant Brands International were worth $654,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Restaurant Brands International during the third quarter worth about $375,000. National Bank of Canada FI boosted its stake in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Restaurant Brands International during the 3rd quarter worth approximately $206,000. Wellington Management Group LLP raised its stake in shares of Restaurant Brands International by 112.1% in the third quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock worth $1,298,000 after purchasing an additional 9,496 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after purchasing an additional 1,082,622 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 10,613 shares of the business’s 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 completion of the transaction, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Performance

Shares of QSR opened at $66.77 on Friday. 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 stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a 52-week low of $64.69 and a 52-week high of $83.29. The stock’s 50-day simple moving average is $69.55 and its 200 day simple moving average is $69.94.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.47%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on QSR shares. Evercore ISI lowered their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. KeyCorp dropped their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Restaurant Brands International 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.