Assetmark Inc. Acquires 669 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Assetmark Inc. lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,555 shares of the restaurant operator’s stock after buying an additional 669 shares during the period. Assetmark Inc.’s holdings in Restaurant Brands International were worth $1,771,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Crewe Advisors LLC bought a new position in Restaurant Brands International during the first quarter valued at approximately $48,000. BNP Paribas Financial Markets boosted its holdings in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the last quarter. Blue Trust Inc. grew its position in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Finally, GAMMA Investing LLC raised its stake in Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Transactions at Restaurant Brands International

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

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $68.48 on Friday. 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 firm has a market cap of $22.17 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.19 and a beta of 0.94. The firm has a fifty day moving average price of $70.12 and a 200 day moving average price of $70.34. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.39%. Restaurant Brands International’s payout ratio is 58.15%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on QSR shares. Truist Financial dropped their price target on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Citigroup raised their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. CIBC reduced their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.37.

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.