Braun Stacey Associates Inc. Cuts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Braun Stacey Associates Inc. trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,197 shares of the restaurant operator’s stock after selling 175,204 shares during the period. Braun Stacey Associates Inc.’s holdings in Restaurant Brands International were worth $8,669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings 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 valued at $30,000 after buying an additional 185 shares during the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International in the first quarter valued at approximately $48,000. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the third quarter worth approximately $61,000. BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This represents a 26.97 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

QSR has been the subject of a number of research reports. Truist Financial reduced their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Oppenheimer reduced their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. CIBC cut their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Finally, Citigroup increased their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average target price of $82.37.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $67.52 on Monday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business’s fifty day moving average price is $70.13 and its two-hundred day moving average price is $70.22. The stock has a market cap of $21.86 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. Restaurant Brands International Inc. has a one year low of $65.87 and a one year 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. Investors of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Restaurant Brands International 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.