HighTower Advisors LLC Buys 537 Shares of Restaurant Brands International Inc. (NYSE:QSR)

HighTower Advisors LLC boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.3% during the third quarter, Holdings Channel.com reports. The firm owned 9,040 shares of the restaurant operator’s stock after buying an additional 537 shares during the period. HighTower Advisors LLC’s holdings in Restaurant Brands International were worth $658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. D1 Capital Partners L.P. bought a new position in shares of Restaurant Brands International in the second quarter worth approximately $200,097,000. Holocene Advisors LP bought a new stake in Restaurant Brands International in the 3rd quarter worth $89,790,000. Canada Pension Plan Investment Board grew its holdings in Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after acquiring an additional 835,000 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after acquiring an additional 773,783 shares during the period. Finally, EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock valued at $811,907,000 after acquiring an additional 536,124 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction on Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of several recent analyst reports. TD Cowen cut their target price on 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. Oppenheimer cut their price objective on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. Citigroup upped their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. 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 report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $82.27.

Restaurant Brands International Price Performance

QSR opened at $65.52 on Friday. The firm has a market cap of $21.21 billion, a PE ratio of 16.42, a P/E/G ratio of 2.27 and a beta of 0.93. The stock has a 50-day moving average price of $69.63 and a 200-day moving average price of $69.96. Restaurant Brands International Inc. has a 1 year low of $65.49 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.54%. Restaurant Brands International’s dividend payout ratio (DPR) 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.