Orion Portfolio Solutions LLC Has $1.34 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Orion Portfolio Solutions LLC cut its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,565 shares of the restaurant operator’s stock after selling 305 shares during the period. Orion Portfolio Solutions LLC’s holdings in Restaurant Brands International were worth $1,339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $375,000. National Bank of Canada FI lifted its position in shares of Restaurant Brands International by 68.6% during 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 buying an additional 1,294,185 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $206,000. Wellington Management Group LLP lifted its position in shares of Restaurant Brands International by 112.1% during the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock worth $1,298,000 after buying an additional 9,496 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Restaurant Brands International by 282.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after buying an additional 1,082,622 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 1.3 %

QSR opened at $68.28 on Friday. The stock has a market cap of $22.10 billion, a PE ratio of 17.11, a P/E/G ratio of 2.27 and a beta of 0.93. 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 52 week low of $65.87 and a 52 week high of $83.29. The business’s fifty day simple moving average is $69.91 and its 200 day simple moving average is $70.00.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.40%. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QSR shares. Stifel Nicolaus dropped their target price 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. Bank of America lifted their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Evercore ISI lowered their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Guggenheim lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.36% of the stock is owned by insiders.

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.