First Horizon Advisors Inc. Grows Position in Restaurant Brands International Inc. (NYSE:QSR)

First Horizon Advisors Inc. grew its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,318 shares of the restaurant operator’s stock after buying an additional 160 shares during the period. First Horizon Advisors Inc.’s holdings in Restaurant Brands International were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 15,891 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in shares of Restaurant Brands International in the second quarter worth $666,000. Dimensional Fund Advisors LP raised its position in shares of Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after purchasing an additional 10,855 shares during the period. Bessemer Group Inc. lifted its stake in shares of Restaurant Brands International by 183.6% during the 1st quarter. Bessemer Group Inc. now owns 9,273 shares of the restaurant operator’s stock valued at $736,000 after buying an additional 6,003 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings 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 buying an additional 22,981 shares during the period. Institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

QSR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Evercore ISI lowered their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup increased their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their target price 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. Finally, TD Cowen cut their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.37.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $69.09 on Friday. 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 Inc. has a 12 month low of $65.87 and a 12 month high of $83.29. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.26 and a beta of 0.94. The firm’s 50-day moving average is $70.23 and its 200 day moving average is $70.09.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 3.36%. Restaurant Brands International’s dividend payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.36% of the company’s stock.

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.