Janney Montgomery Scott LLC Lowers Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Janney Montgomery Scott LLC lowered its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 35.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,419 shares of the restaurant operator’s stock after selling 3,021 shares during the period. Janney Montgomery Scott LLC’s holdings in Restaurant Brands International were worth $353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiera Capital Corp grew its position in shares of Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after purchasing an additional 227,203 shares in the last quarter. National Bank of Canada FI increased its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Restaurant Brands International by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,969,582 shares of the restaurant operator’s stock valued at $215,448,000 after acquiring an additional 118,721 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Restaurant Brands International by 16.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator’s stock valued at $159,251,000 after acquiring an additional 307,791 shares during the last quarter. Finally, Canoe Financial LP grew its holdings in shares of Restaurant Brands International by 7.4% during the third quarter. Canoe Financial LP now owns 2,028,349 shares of the restaurant operator’s stock worth $144,675,000 after purchasing an additional 139,335 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on shares of 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. Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. KeyCorp decreased their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada reduced their price target on shares of 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. Finally, Citigroup lowered their price objective on shares of Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Insider Activity at Restaurant Brands International

In other news, 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 sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the sale, the chief executive officer now owns 703,445 shares in the company, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 over the last 90 days. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $66.50 on Tuesday. 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 Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The stock has a market cap of $21.58 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The firm’s fifty day simple moving average is $64.65 and its 200 day simple moving average is $68.12.

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.