B. Riley Wealth Advisors Inc. Sells 166 Shares of Restaurant Brands International Inc. (NYSE:QSR)

B. Riley Wealth Advisors Inc. reduced its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,094 shares of the restaurant operator’s stock after selling 166 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Restaurant Brands International were worth $443,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QSR. SG Americas Securities LLC purchased a new stake in Restaurant Brands International in the second quarter worth $172,000. Raymond James & Associates raised its holdings in Restaurant Brands International by 42.0% in the 2nd quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator’s stock worth $5,466,000 after purchasing an additional 22,981 shares in the last quarter. Nichols & Pratt Advisers LLP MA lifted its position in shares of Restaurant Brands International by 14.5% in the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 19,825 shares of the restaurant operator’s stock worth $1,395,000 after purchasing an additional 2,512 shares during the period. Bailard Inc. bought a new stake in shares of Restaurant Brands International during the 2nd quarter valued at about $585,000. Finally, Galibier Capital Management Ltd. increased its position in shares of Restaurant Brands International by 9.0% during the second quarter. Galibier Capital Management Ltd. now owns 355,326 shares of the restaurant operator’s stock valued at $25,033,000 after buying an additional 29,313 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Down 0.7 %

QSR opened at $65.52 on Friday. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.27 and a beta of 0.93. The firm has a 50 day moving average price of $69.63 and a 200-day moving average price of $69.96. Restaurant Brands International Inc. has a twelve month low of $65.49 and a twelve month 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.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.54%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Analyst Upgrades and Downgrades

Several brokerages have commented on QSR. Citigroup raised their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price target on 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. Oppenheimer reduced their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, KeyCorp reduced their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given 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 $82.27.

Insider Activity

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.36% of the company’s stock.

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.