Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 616,351 shares of the restaurant operator’s stock after selling 10,806 shares during the period. Massachusetts Financial Services Co. MA owned 0.19% of Restaurant Brands International worth $44,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in QSR. D1 Capital Partners L.P. acquired a new stake in Restaurant Brands International during the 2nd quarter worth $200,097,000. Canada Pension Plan Investment Board boosted its position in Restaurant Brands International by 31.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after acquiring an additional 835,000 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings 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 valued at $811,907,000 after acquiring an additional 536,124 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Restaurant Brands International by 10.3% in the 2nd 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 in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QSR has been the subject of several recent research reports. Guggenheim increased their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company reduced their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada cut their price objective on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Argus cut their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.37.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.36% of the stock is owned by insiders.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $69.10 on Monday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The stock’s 50-day moving average is $70.23 and its two-hundred day moving average is $70.03. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29.

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 $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.36%. Restaurant Brands International’s dividend payout ratio (DPR) is 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.