B. Riley Wealth Advisors Inc. Cuts Holdings in Restaurant Brands International Inc. (NYSE:QSR)

B. Riley Wealth Advisors Inc. trimmed its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,094 shares of the restaurant operator’s stock after selling 166 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Restaurant Brands International were worth $443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Restaurant Brands International in the second quarter valued at approximately $172,000. Raymond James & Associates grew its stake 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 valued at $5,466,000 after purchasing an additional 22,981 shares during the period. Nichols & Pratt Advisers LLP MA increased its position in shares of Restaurant Brands International by 14.5% during the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 19,825 shares of the restaurant operator’s stock valued at $1,395,000 after purchasing an additional 2,512 shares during the last quarter. Bailard Inc. bought a new stake in shares of Restaurant Brands International during the 2nd quarter worth $585,000. Finally, Galibier Capital Management Ltd. boosted its holdings in shares of Restaurant Brands International by 9.0% in the 2nd quarter. Galibier Capital Management Ltd. now owns 355,326 shares of the restaurant operator’s stock worth $25,033,000 after buying an additional 29,313 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $65.52 on Friday. The stock has a market cap of $21.21 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $83.29. The firm’s fifty day moving average price is $69.63 and its 200-day moving average price is $69.96.

Restaurant Brands International Announces Dividend

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 given a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.54%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Jill Granat sold 10,613 shares of the stock in a transaction dated Monday, December 9th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

QSR has been the subject of a number of research analyst reports. TD Cowen decreased 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 report on Wednesday, November 6th. Guggenheim raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Citigroup increased their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Argus dropped their price target on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.