Restaurant Brands International (NYSE:QSR) Hits New 1-Year Low – Time to Sell?

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) reached a new 52-week low on Thursday . The company traded as low as $65.77 and last traded at $65.95, with a volume of 4953962 shares traded. The stock had previously closed at $67.48.

Analysts Set New Price Targets

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

Restaurant Brands International Trading Down 2.3 %

The company has a 50 day moving average of $69.73 and a two-hundred day moving average of $70.00. The stock has a market capitalization of $21.35 billion, a PE ratio of 16.53, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International Dividend Announcement

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

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the company’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 transaction, the insider now owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 4.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 773,783 shares during the period. Mackenzie Financial Corp raised its stake in shares of 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 worth $390,678,000 after purchasing an additional 518,795 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Restaurant Brands International by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after purchasing an additional 169,458 shares during the period. Finally, Fiera Capital Corp boosted its position in Restaurant Brands International by 6.5% in the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after buying an additional 227,203 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.