Stifel Financial Corp Sells 153 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Stifel Financial Corp cut its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,049 shares of the restaurant operator’s stock after selling 153 shares during the quarter. Stifel Financial Corp’s holdings in Restaurant Brands International were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter valued at approximately $172,000. Raymond James & Associates boosted its holdings in shares of Restaurant Brands International by 42.0% in the second quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator’s stock worth $5,466,000 after acquiring an additional 22,981 shares during the period. Bailard Inc. bought a new position in shares of Restaurant Brands International in the second quarter worth $585,000. Galibier Capital Management Ltd. grew its position in shares of Restaurant Brands International by 9.0% in the second quarter. Galibier Capital Management Ltd. now owns 355,326 shares of the restaurant operator’s stock valued at $25,033,000 after purchasing an additional 29,313 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the 2nd quarter valued at $208,000. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of several analyst reports. Evercore ISI cut their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of 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 decreased their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Citigroup raised their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Oppenheimer reduced their price target on shares of 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $66.77 on Monday. 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 $21.61 billion, a PE ratio of 16.73, a PEG ratio of 2.27 and a beta of 0.93. The company’s fifty day moving average is $69.55 and its 200 day moving average is $69.94. Restaurant Brands International Inc. has a 52 week low of $64.69 and a 52 week high of $83.29.

Restaurant Brands International Dividend Announcement

The business 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 is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.47%. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Activity

In other news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 388,759 shares in the company, valued at approximately $27,372,521.19. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.36% of the stock is currently owned by corporate insiders.

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.