Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by D1 Capital Partners L.P.

D1 Capital Partners L.P. cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 53.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,330,040 shares of the restaurant operator’s stock after selling 1,513,460 shares during the period. Restaurant Brands International makes up approximately 1.9% of D1 Capital Partners L.P.’s holdings, making the stock its 17th largest holding. D1 Capital Partners L.P.’s holdings in Restaurant Brands International were worth $95,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Restaurant Brands International by 63.7% during the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. acquired a new position in Restaurant Brands International during the 2nd quarter worth approximately $666,000. Dimensional Fund Advisors LP increased its holdings in Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after purchasing an additional 10,855 shares during the last quarter. Raymond James & Associates increased its holdings in Restaurant Brands International by 42.0% during 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 during the last quarter. Finally, Fiera Capital Corp increased its holdings in Restaurant Brands International by 6.5% during the 2nd quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator’s stock worth $247,955,000 after purchasing an additional 213,877 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 1.4 %

Shares of QSR stock opened at $70.18 on Friday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29. The stock has a fifty day moving average of $70.23 and a two-hundred day moving average of $69.98. The firm has a market capitalization of $22.72 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.31%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer dropped their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company dropped their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Bank of America lifted their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen lowered their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $82.37.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’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 completion of the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.36% of the company’s stock.

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.