Morgan Stanley Cuts Restaurant Brands International (NYSE:QSR) Price Target to $73.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective reduced by Morgan Stanley from $81.00 to $73.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other research firms have also commented on QSR. Citigroup raised their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Royal Bank of Canada decreased their price target 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. TD Cowen cut their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Argus decreased their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Evercore ISI dropped 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average target price of $81.08.

Restaurant Brands International Stock Up 0.6 %

Shares of QSR opened at $60.82 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12 month low of $60.03 and a 12 month high of $83.29. The firm’s 50 day moving average is $66.58 and its 200-day moving average is $69.06. The stock has a market capitalization of $19.73 billion, a PE ratio of 15.24, a P/E/G ratio of 2.03 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.81%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares in the company, valued at approximately $26,968,211.83. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock worth $7,774,020 over the last three months. Company insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 160 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares in the last quarter. 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 worth $30,000 after buying an additional 185 shares in the last quarter. Arvest Investments Inc. grew its position in shares of Restaurant Brands International by 1.1% during the 3rd quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 197 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after acquiring an additional 210 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

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.