Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 79.4% in the third quarter, HoldingsChannel reports. The firm owned 418 shares of the restaurant operator’s stock after acquiring an additional 185 shares during the period. Farther Finance Advisors LLC’s holdings in Restaurant Brands International were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QSR. BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 203 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after purchasing an additional 7,196 shares in the last quarter. US Bancorp DE raised its holdings in shares of Restaurant Brands International by 2.8% in the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 256 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 154 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Restaurant Brands International during the first quarter valued at approximately $721,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 1.4 %

Shares of NYSE QSR opened at $67.49 on Friday. The firm has a market capitalization of $21.85 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. 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 1 year low of $65.87 and a 1 year high of $83.29. The firm’s 50-day moving average is $70.13 and its 200-day moving average is $70.32.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 14.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This trade represents a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. TD Cowen decreased their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Citigroup upped their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Bank of America upped 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.37.

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.