HighTower Advisors LLC Raises Stake in Restaurant Brands International Inc. (NYSE:QSR)

HighTower Advisors LLC boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,040 shares of the restaurant operator’s stock after buying an additional 537 shares during the quarter. HighTower Advisors LLC’s holdings in Restaurant Brands International were worth $658,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International in the 3rd quarter worth about $61,000. Crewe Advisors LLC increased its holdings in Restaurant Brands International by 78.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 472 shares during the last quarter. Blue Trust Inc. raised its stake in 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 acquiring an additional 768 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Restaurant Brands International by 67.0% during the third 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 last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.7 %

QSR opened at $65.52 on Friday. The business’s fifty day simple moving average is $69.63 and its 200 day simple moving average is $69.96. Restaurant Brands International Inc. has a 52 week low of $65.49 and a 52 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. The stock has a market cap of $21.21 billion, a PE ratio of 16.42, a P/E/G ratio of 2.27 and a beta of 0.93.

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 given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.54%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim lifted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Bank of America lifted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus dropped their target price 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. 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 report on Wednesday, November 6th. Finally, Argus decreased their price objective on 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. 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 stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.36% of the stock is currently owned by insiders.

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.