Barclays PLC Sells 915 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Barclays PLC trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,351 shares of the restaurant operator’s stock after selling 915 shares during the quarter. Barclays PLC’s holdings in Restaurant Brands International were worth $2,549,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QSR. Raymond James & Associates increased its stake in Restaurant Brands International by 42.0% in the 2nd quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator’s stock worth $5,466,000 after purchasing an additional 22,981 shares during the period. HB Wealth Management LLC bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Restaurant Brands International by 6.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 134,622 shares of the restaurant operator’s stock valued at $9,484,000 after acquiring an additional 8,613 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Restaurant Brands International by 78.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 472 shares during the period. Finally, Signaturefd LLC boosted its position in Restaurant Brands International by 21.0% during the 2nd quarter. Signaturefd LLC now owns 7,934 shares of the restaurant operator’s stock valued at $558,000 after acquiring an additional 1,379 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on QSR shares. JPMorgan Chase & Co. lifted their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. KeyCorp decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Guggenheim boosted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Insider Activity

In other news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of NYSE QSR opened at $65.64 on Wednesday. The stock has a market cap of $21.25 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a 1 year low of $64.69 and a 1 year high of $83.29. The firm has a fifty day moving average price of $69.45 and a 200-day moving average price of $69.90. 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 firm 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.53%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

About Restaurant Brands International

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.