Restaurant Brands International Inc. (NYSE:QSR) Shares Purchased by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT raised its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 74.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,983 shares of the restaurant operator’s stock after purchasing an additional 46,145 shares during the quarter. Restaurant Brands International comprises approximately 1.9% of Iridian Asset Management LLC CT’s holdings, making the stock its 16th biggest holding. Iridian Asset Management LLC CT’s holdings in Restaurant Brands International were worth $7,038,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Restaurant Brands International by 25.8% during the 3rd quarter. SG Americas Securities LLC now owns 3,081 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 631 shares during the period. GAMMA Investing LLC raised its stake in shares of Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Restaurant Brands International by 1.2% during the third quarter. Gateway Investment Advisers LLC now owns 89,777 shares of the restaurant operator’s stock worth $6,475,000 after purchasing an additional 1,090 shares in the last quarter. Viking Fund Management LLC purchased a new position in shares of Restaurant Brands International in the third quarter valued at $144,000. Finally, Magnus Financial Group LLC acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $202,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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 on the stock in a report on Wednesday, November 6th. Morgan Stanley reduced their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. TD Cowen cut their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Restaurant Brands International Trading Up 2.2 %

Restaurant Brands International stock opened at $64.09 on Friday. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week 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 firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.09 and a beta of 0.93. The firm has a 50-day moving average price of $64.88 and a two-hundred day moving average price of $68.24.

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.