2,850 Shares in Restaurant Brands International Inc. (NYSE:QSR) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,850 shares of the restaurant operator’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 in the last quarter. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter worth approximately $61,000. Crewe Advisors LLC lifted its holdings 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 valued at $75,000 after purchasing an additional 472 shares in the last quarter. Blue Trust Inc. boosted its position 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 during the period. Finally, GAMMA Investing LLC increased its stake 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 worth $126,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other 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 transaction, the insider now directly owns 388,759 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Trading Down 1.3 %

QSR stock opened at $68.28 on Friday. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. The firm’s fifty day simple moving average is $69.91 and its two-hundred day simple moving average is $70.00. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.40%. Restaurant Brands International’s dividend payout ratio is 58.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Argus lowered their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen dropped their price objective 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. Royal Bank of Canada cut their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Evercore ISI dropped their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One investment 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 company has a consensus rating of “Moderate Buy” and an average target price 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.