Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Hardy Reed LLC

Hardy Reed LLC trimmed its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 55.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,776 shares of the restaurant operator’s stock after selling 3,427 shares during the period. Hardy Reed LLC’s holdings in Restaurant Brands International were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Burney Co. grew its stake in shares of Restaurant Brands International by 57.7% during the 1st 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 during the period. Cetera Investment Advisers grew its position in Restaurant Brands International by 63.7% during 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 increased its holdings in 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 in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Restaurant Brands International by 4.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 41,821 shares of the restaurant operator’s stock worth $3,306,000 after acquiring an additional 1,665 shares during the period. Finally, Threadgill Financial LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth about $500,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on QSR. CIBC cut their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Oppenheimer cut their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. Finally, Guggenheim upped their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.37.

Restaurant Brands International Stock Down 0.9 %

Shares of QSR opened at $69.21 on Wednesday. The company’s 50-day moving average price is $70.23 and its 200 day moving average price is $69.98. Restaurant Brands International Inc. has a 12-month low of $65.87 and a 12-month 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 firm has a market cap of $22.40 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.