Stock Traders Purchase High Volume of Restaurant Brands International Put Options (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) was the target of unusually large options trading activity on Tuesday. Investors bought 2,410 put options on the stock. This represents an increase of approximately 51% compared to the average daily volume of 1,592 put options.

Restaurant Brands International Stock Performance

NYSE QSR opened at $70.78 on Wednesday. The firm has a 50-day moving average price of $70.20 and a two-hundred day moving average price of $69.93. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29. The company has a market capitalization of $22.91 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

The business also recently declared 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 3.28%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Analyst Ratings Changes

QSR has been the topic of several recent research reports. KeyCorp lowered 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 note on Wednesday, November 6th. Stifel Nicolaus reduced their price target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, November 14th. Argus decreased their price target on 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. Piper Sandler cut their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Evercore ISI lowered their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in Restaurant Brands International by 63.7% in the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock valued at $3,245,000 after purchasing an additional 15,891 shares in the last quarter. Cetera Advisors LLC increased its stake in Restaurant Brands International by 15.1% in the first quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator’s stock valued at $791,000 after acquiring an additional 1,309 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Restaurant Brands International by 4.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 41,821 shares of the restaurant operator’s stock worth $3,306,000 after purchasing an additional 1,665 shares during the last quarter. Threadgill Financial LLC acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at $500,000. Finally, SG Americas Securities LLC acquired a new position in shares of Restaurant Brands International during the 2nd quarter worth $172,000. 82.29% of the stock is currently owned by institutional investors.

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.