Farther Finance Advisors LLC Grows Position in Restaurant Brands International Inc. (NYSE:QSR)

Farther Finance Advisors LLC grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 79.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 418 shares of the restaurant operator’s stock after purchasing an additional 185 shares during the quarter. Farther Finance Advisors LLC’s holdings in Restaurant Brands International were worth $30,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in Restaurant Brands International during the 1st quarter worth approximately $48,000. BNP Paribas Financial Markets lifted its stake in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 203 shares during the period. Blue Trust Inc. lifted its stake in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 704 shares during the period. Finally, Viking Fund Management LLC purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at approximately $144,000. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 26.97 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Stock Down 1.4 %

Shares of QSR opened at $67.49 on Friday. The firm has a market cap of $21.85 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The company’s fifty day moving average is $70.13 and its two-hundred day moving average is $70.32. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.44%. Restaurant Brands International’s payout ratio is 58.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QSR. CIBC lowered their price objective 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 reduced their price target 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. Guggenheim raised their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, TD Cowen dropped their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.37.

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.