Restaurant Brands International (NYSE:QSR) Upgraded at Guggenheim

Guggenheim upgraded shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) from a neutral rating to a buy rating in a research report sent to investors on Friday, Marketbeat Ratings reports. Guggenheim currently has $71.00 price target on the restaurant operator’s stock, down from their prior price target of $74.00.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada dropped their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. TD Cowen dropped their price objective on 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. Evercore ISI decreased their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.96.

Restaurant Brands International Stock Performance

QSR opened at $62.09 on Friday. The stock’s 50 day simple moving average is $66.06 and its 200 day simple moving average is $68.84. The stock has a market cap of $20.14 billion, a P/E ratio of 15.56, a P/E/G ratio of 2.04 and a beta of 0.94. Restaurant Brands International has a 1-year low of $59.85 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

Insider Activity

In other Restaurant Brands International news, CEO Joshua Kobza sold 12,420 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International in the 3rd quarter valued at $61,000. MassMutual Private Wealth & Trust FSB increased its position in Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after buying an additional 567 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Restaurant Brands International by 123.9% during 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 last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About Restaurant Brands International

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.