Restaurant Brands International (NYSE:QSR) Given New $69.00 Price Target at Wells Fargo & Company

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price lowered by Wells Fargo & Company from $72.00 to $69.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

QSR has been the topic of several other reports. Citigroup increased their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Evercore ISI decreased their price objective on shares of 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. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, KeyCorp decreased their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Restaurant Brands International Trading Down 1.0 %

NYSE:QSR opened at $62.54 on Wednesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International has a 1 year low of $62.19 and a 1 year high of $83.29. The stock has a market cap of $20.25 billion, a P/E ratio of 15.67, a P/E/G ratio of 2.27 and a beta of 0.94. The stock has a 50-day simple moving average of $67.85 and a 200-day simple moving average of $69.56.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.71%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Buying and Selling

In related news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock valued at $7,774,020 over the last quarter. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently made changes to their positions in the business. D1 Capital Partners L.P. purchased a new position in Restaurant Brands International during the 2nd quarter valued at about $200,097,000. National Bank of Canada FI increased its stake in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $89,790,000. Point72 Asset Management L.P. raised its position in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after buying an additional 835,000 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.