Restaurant Brands International (NYSE:QSR) Sets New 12-Month Low – Here’s What Happened

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $59.67 and last traded at $60.72, with a volume of 471622 shares trading hands. The stock had previously closed at $61.54.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent analyst reports. Argus dropped 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 note on Thursday, November 7th. Jefferies Financial Group cut their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday. TD Cowen decreased their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Finally, Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their target price for the company from $74.00 to $71.00 in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $80.00.

Restaurant Brands International Trading Up 0.0 %

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 cap of $19.97 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.09 and a beta of 0.93. The business has a fifty day moving average of $65.34 and a two-hundred day moving average of $68.43.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.77%. Restaurant Brands International’s payout ratio is 58.15%.

Insiders Place Their Bets

In other news, insider Thiago T. Santelmo sold 3,511 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fiera Capital Corp increased its position in Restaurant Brands International by 6.5% during the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after purchasing an additional 227,203 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Restaurant Brands International by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock worth $215,448,000 after buying an additional 118,721 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Restaurant Brands International by 16.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after acquiring an additional 307,791 shares during the last quarter. Finally, Canoe Financial LP grew its position in Restaurant Brands International by 7.4% during the third quarter. Canoe Financial LP now owns 2,028,349 shares of the restaurant operator’s stock valued at $144,675,000 after acquiring an additional 139,335 shares during the period. 82.29% of the stock is 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.