Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,200 shares of the restaurant operator’s stock after selling 3,510 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Restaurant Brands International were worth $5,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QSR. Burney Co. raised its holdings in Restaurant Brands International by 57.7% during the first quarter. Burney Co. now owns 21,128 shares of the restaurant operator’s stock worth $1,679,000 after purchasing an additional 7,730 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Restaurant Brands International by 63.7% in the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock valued at $3,245,000 after buying an additional 15,891 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Restaurant Brands International by 15.1% in the first quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator’s stock valued at $791,000 after buying an additional 1,309 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Restaurant Brands International by 4.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 41,821 shares of the restaurant operator’s stock valued at $3,306,000 after buying an additional 1,665 shares in the last quarter. Finally, Threadgill Financial LLC acquired a new position in Restaurant Brands International during the second quarter worth about $500,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Up 1.4 %

Restaurant Brands International stock opened at $70.18 on Friday. Restaurant Brands International Inc. has a 52 week low of $65.87 and a 52 week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $22.72 billion, a PE ratio of 17.59, a PEG ratio of 2.27 and a beta of 0.94. The business’s 50-day simple moving average is $70.23 and its 200-day simple moving average is $69.98.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research reports. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Argus decreased their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial dropped their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 19th. Bank of America raised their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer cut their target price on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.37.

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.