Barclays PLC Sells 915 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Barclays PLC cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,351 shares of the restaurant operator’s stock after selling 915 shares during the quarter. Barclays PLC’s holdings in Restaurant Brands International were worth $2,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EdgePoint Investment Group Inc. raised its holdings in shares of Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after purchasing an additional 536,124 shares during the period. 1832 Asset Management L.P. raised its stake in Restaurant Brands International by 15.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after buying an additional 773,783 shares during the period. Mackenzie Financial Corp raised its stake in Restaurant Brands International by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after buying an additional 518,795 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Restaurant Brands International by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after acquiring an additional 169,458 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Restaurant Brands International by 6.5% in the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after acquiring an additional 227,203 shares during the period. 82.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jill Granat sold 81,387 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR opened at $65.64 on Wednesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $21.25 billion, a PE ratio of 16.45, a PEG ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a 1 year low of $64.69 and a 1 year high of $83.29. The stock’s fifty day moving average price is $69.45 and its two-hundred day moving average price is $69.90.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on QSR shares. Guggenheim increased their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Argus dropped their price objective 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. Bank of America boosted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Oppenheimer dropped their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Finally, Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.