Restaurant Brands International (NYSE:QSR) Price Target Lowered to $73.00 at Morgan Stanley

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective trimmed by Morgan Stanley from $81.00 to $73.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on QSR. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Bank of America raised their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. KeyCorp cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Argus lowered their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.08.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $60.82 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 1-year low of $60.03 and a 1-year high of $83.29. The stock has a market capitalization of $19.73 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.03 and a beta of 0.94. The business has a 50-day moving average price of $66.58 and a two-hundred day moving average price of $69.06.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Activity at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in shares of Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after buying an additional 160 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after acquiring an additional 179 shares during the period. Farther Finance Advisors LLC lifted 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 worth $30,000 after acquiring an additional 185 shares during the last quarter. Arvest Investments Inc. boosted its holdings in shares of Restaurant Brands International by 1.1% during the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after acquiring an additional 197 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Restaurant Brands International by 4.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 210 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

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.