Advisors Asset Management Inc. Has $979,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Advisors Asset Management Inc. cut its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,576 shares of the restaurant operator’s stock after selling 5,281 shares during the quarter. Advisors Asset Management Inc.’s holdings in Restaurant Brands International were worth $979,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in Restaurant Brands International by 63.7% during the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after buying an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in Restaurant Brands International during the 2nd quarter worth $666,000. Dimensional Fund Advisors LP grew its stake in shares of Restaurant Brands International by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after acquiring an additional 10,855 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Restaurant Brands International by 42.0% in the second quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator’s stock valued at $5,466,000 after purchasing an additional 22,981 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Restaurant Brands International by 6.5% during the second quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator’s stock valued at $247,955,000 after purchasing an additional 213,877 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their price objective 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. CIBC decreased their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada decreased 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. Guggenheim increased their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Oppenheimer decreased 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 report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.37.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction 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 completion of the sale, the insider now 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 legal filing with the SEC, which is available at this link. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $69.21 on Wednesday. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock’s 50 day moving average is $70.23 and its 200 day moving average is $69.98. The company has a market capitalization of $22.40 billion, a P/E ratio of 17.35, a PEG ratio of 2.24 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 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.