Restaurant Brands International (NYSE:QSR) Upgraded to Equal Weight by Morgan Stanley

Morgan Stanley upgraded shares of Restaurant Brands International (NYSE:QSRGet Rating) (TSE:QSR) from an underweight rating to an equal weight rating in a report released on Monday, MarketBeat.com reports. Morgan Stanley currently has $71.00 price target on the restaurant operator’s stock, up from their previous price target of $56.00.

A number of other research analysts also recently commented on the stock. Barclays cut their target price on shares of Restaurant Brands International from $68.00 to $65.00 and set an overweight rating on the stock in a research report on Thursday, October 20th. The Goldman Sachs Group raised shares of Restaurant Brands International from a sell rating to a neutral rating and lifted their price objective for the stock from $57.00 to $64.00 in a research report on Friday, November 4th. OTR Global raised shares of Restaurant Brands International from a mixed rating to a positive rating in a research report on Monday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Restaurant Brands International from $70.00 to $68.00 and set a buy rating on the stock in a research report on Wednesday, October 12th. Finally, Cowen lifted their price objective on shares of Restaurant Brands International from $58.00 to $63.00 and gave the stock a market perform rating in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has an average rating of Hold and a consensus price target of $64.95.

Restaurant Brands International Trading Down 1.5 %

Shares of QSR opened at $66.68 on Monday. Restaurant Brands International has a 1-year low of $46.68 and a 1-year high of $68.54. The company has a 50-day moving average of $58.04 and a 200 day moving average of $55.33. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.92 and a beta of 0.95. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.00 and a quick ratio of 0.93.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 69.90%.

Insider Buying and Selling

In other news, insider David Chan Shear sold 169,478 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total value of $11,488,913.62. Following the sale, the insider now directly owns 157,267 shares of the company’s stock, valued at approximately $10,661,129.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Restaurant Brands International news, insider Sami A. Siddiqui sold 15,000 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $67.03, for a total value of $1,005,450.00. Following the sale, the insider now directly owns 125,860 shares of the company’s stock, valued at $8,436,395.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Chan Shear sold 169,478 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total transaction of $11,488,913.62. Following the completion of the sale, the insider now directly owns 157,267 shares in the company, valued at $10,661,129.93. The disclosure for this sale can be found here. Insiders sold 199,478 shares of company stock worth $13,378,914 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in Restaurant Brands International by 0.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 32,393 shares of the restaurant operator’s stock valued at $1,624,000 after buying an additional 200 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Restaurant Brands International by 9.3% in the 2nd quarter. McIlrath & Eck LLC now owns 2,513 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 213 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Restaurant Brands International by 6.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,590 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 218 shares during the last quarter. Ceera Investments LLC raised its holdings in Restaurant Brands International by 2.3% in the 3rd quarter. Ceera Investments LLC now owns 9,860 shares of the restaurant operator’s stock valued at $524,000 after acquiring an additional 225 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Restaurant Brands International by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after acquiring an additional 229 shares during the last quarter. 78.50% of the stock is owned by hedge funds and other institutional investors.

About Restaurant Brands International

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

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Analyst Recommendations for Restaurant Brands International (NYSE:QSR)

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