Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,754 shares of the restaurant operator’s stock after acquiring an additional 265 shares during the period. BNP Paribas Financial Markets’ holdings in Restaurant Brands International were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 160 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 179 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Arvest Investments Inc. increased its holdings in Restaurant Brands International by 1.1% in the third 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 last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Restaurant Brands International by 1.1% during the second quarter. Commonwealth Equity Services LLC now owns 28,401 shares of the restaurant operator’s stock valued at $1,999,000 after buying an additional 300 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Guggenheim raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup increased their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Argus decreased their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Oppenheimer dropped their price target on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Restaurant Brands International Stock Down 2.3 %

Shares of QSR stock opened at $65.95 on Thursday. Restaurant Brands International Inc. has a 1 year low of $65.77 and a 1 year high of $83.29. 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 fifty day moving average is $69.73 and its 200-day moving average is $70.00. The stock has a market cap of $21.35 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s payout ratio is currently 58.15%.

Restaurant Brands International Company 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.