Metis Global Partners LLC Reduces Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Metis Global Partners LLC cut its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.2% in the third quarter, HoldingsChannel.com reports. The fund owned 12,526 shares of the restaurant operator’s stock after selling 278 shares during the period. Metis Global Partners LLC’s holdings in Restaurant Brands International were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in QSR. Farther Finance Advisors LLC boosted 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 worth $30,000 after purchasing an additional 185 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Restaurant Brands International during the 1st quarter valued at $48,000. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth $61,000. BNP Paribas Financial Markets boosted its stake in shares of Restaurant Brands International by 22.2% in 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. grew its holdings in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QSR shares. Oppenheimer lowered their target price on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. TD Cowen lowered their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI cut their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. CIBC reduced their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. Finally, Piper Sandler dropped their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $82.37.

Insiders Place Their Bets

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

Restaurant Brands International Trading Down 1.4 %

Shares of Restaurant Brands International stock opened at $67.52 on Monday. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. 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 business has a 50-day moving average price of $70.13 and a 200-day moving average price of $70.22. The firm has a market cap of $21.86 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.19 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The company also recently declared 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 3.44%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

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.