Restaurant Brands International (NYSE:QSR) Sees Large Volume Increase – Here’s What Happened

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares saw strong trading volume on Thursday . 6,127,684 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 2,144,032 shares.The stock last traded at $61.27 and had previously closed at $60.54.

Wall Street Analyst Weigh In

Several research firms have issued reports on QSR. Morgan Stanley decreased their price objective on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday. Evercore ISI cut their price objective on 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. Citigroup raised their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Finally, TD Cowen lowered their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.96.

Restaurant Brands International Stock Up 0.9 %

The firm has a fifty day moving average of $66.06 and a 200 day moving average of $68.83. The stock has a market cap of $20.14 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

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 issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last three months. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after buying an additional 10,855 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Restaurant Brands International by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,264 shares of the restaurant operator’s stock valued at $793,000 after acquiring an additional 395 shares during the last quarter. AE Wealth Management LLC raised its stake in Restaurant Brands International by 13.3% in the 2nd quarter. AE Wealth Management LLC now owns 8,193 shares of the restaurant operator’s stock valued at $577,000 after purchasing an additional 960 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Restaurant Brands International in the 2nd quarter valued at about $26,958,000. Finally, APG Asset Management N.V. boosted its stake in shares of Restaurant Brands International by 191.8% during the 2nd quarter. APG Asset Management N.V. now owns 38,034 shares of the restaurant operator’s stock worth $2,499,000 after purchasing an additional 25,000 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.