Investors Buy High Volume of Put Options on Restaurant Brands International (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the target of unusually large options trading activity on Tuesday. Investors purchased 2,410 put options on the company. This represents an increase of 51% compared to the typical daily volume of 1,592 put options.

Restaurant Brands International Trading Up 0.4 %

Restaurant Brands International stock opened at $71.11 on Thursday. The stock has a market cap of $23.02 billion, a PE ratio of 17.82, a P/E/G ratio of 2.26 and a beta of 0.93. The stock has a 50-day moving average price of $70.23 and a 200 day moving average price of $69.94. Restaurant Brands International has a 52 week low of $65.87 and a 52 week high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. First Horizon Advisors Inc. grew its holdings in Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 160 shares during the period. D.A. Davidson & CO. grew its holdings in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 179 shares during the period. Farther Finance Advisors LLC grew its holdings in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the period. Arvest Investments Inc. grew its holdings in Restaurant Brands International by 1.1% in the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 197 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. Citigroup increased their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Truist Financial decreased their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Oppenheimer decreased their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Finally, Evercore ISI decreased their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.