BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 331,258 Shares of Restaurant Brands International Inc. (NYSE:QSR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 76.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,927 shares of the restaurant operator’s stock after selling 331,258 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Restaurant Brands International were worth $7,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% during 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 last quarter. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International during the third quarter valued at about $61,000. Crewe Advisors LLC boosted its position in Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 472 shares during the period. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on QSR. Citigroup lifted their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. TD Cowen cut their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. KeyCorp lowered 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 report on Wednesday, November 6th. Finally, Oppenheimer reduced their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Restaurant Brands International Stock Down 0.8 %

Shares of NYSE:QSR opened at $69.61 on Monday. The stock has a market capitalization of $22.53 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The stock’s 50-day moving average price is $70.22 and its 200-day moving average price is $69.94. 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 Inc. has a 12-month low of $65.87 and a 12-month high of $83.29.

Restaurant Brands International Announces Dividend

The business 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. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.33%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

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.