Braun Stacey Associates Inc. Cuts Position in Restaurant Brands International Inc. (NYSE:QSR)

Braun Stacey Associates Inc. reduced its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 59.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 120,197 shares of the restaurant operator’s stock after selling 175,204 shares during the period. Braun Stacey Associates Inc.’s holdings in Restaurant Brands International were worth $8,669,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 203 shares in the last quarter. US Bancorp DE lifted its holdings in Restaurant Brands International by 2.8% in the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after buying an additional 256 shares in the last quarter. Intech Investment Management LLC acquired a new position in Restaurant Brands International in the 1st quarter worth $721,000. Vanguard Group Inc. boosted its position in Restaurant Brands International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after buying an additional 141,468 shares during the last quarter. Finally, Seven Eight Capital LP grew its stake in shares of Restaurant Brands International by 646.3% during the first quarter. Seven Eight Capital LP now owns 23,627 shares of the restaurant operator’s stock valued at $1,877,000 after acquiring an additional 20,461 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QSR shares. Bank of America increased their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Argus dropped their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Truist Financial reduced their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.37.

Insider Buying and Selling

In other news, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This represents a 26.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Performance

Shares of QSR opened at $67.52 on Monday. The firm has a market capitalization of $21.86 billion, a PE ratio of 16.92, a P/E/G ratio of 2.19 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average price of $70.13 and a 200 day moving average price of $70.22. Restaurant Brands International Inc. has a 52-week low of $65.87 and a 52-week high of $83.29.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid 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 dividend yield of 3.44%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Restaurant Brands International 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.