Restaurant Brands International Inc. (NYSE:QSR) Holdings Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,852,016 shares of the restaurant operator’s stock after selling 292,414 shares during the period. The Manufacturers Life Insurance Company owned 1.19% of Restaurant Brands International worth $278,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in QSR. Farther Finance Advisors LLC raised its stake in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International during the third quarter valued at about $61,000. Crewe Advisors LLC lifted its holdings in Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 472 shares during the period. Blue Trust Inc. lifted its holdings in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Finally, GAMMA Investing LLC grew its position in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Trading Up 1.0 %

Shares of NYSE QSR opened at $69.81 on Tuesday. The firm has a market capitalization of $22.60 billion, a PE ratio of 17.50, a PEG ratio of 2.24 and a beta of 0.94. Restaurant Brands International Inc. has a one year low of $65.87 and a one year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The business has a 50-day moving average price of $70.23 and a two-hundred day moving average price of $70.01.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.32%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QSR shares. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. KeyCorp cut 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. Wells Fargo & Company lowered their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Bank of America raised their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note 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, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price 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.