Restaurant Brands International Inc. (NYSE:QSR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) have received an average rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $81.62.

A number of equities analysts have weighed in on QSR shares. TD Cowen cut 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 research note on Wednesday, November 6th. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday. Argus lowered their price target on 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. Bank of America raised their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th.

Insiders Place Their Bets

In related news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the sale, the insider now directly owns 388,759 shares in the company, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Restaurant Brands International during the third quarter valued at approximately $378,000. Arvest Bank Trust Division purchased a new position in Restaurant Brands International in the 3rd quarter worth about $12,053,000. Toronto Dominion Bank lifted its stake in Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock valued at $62,327,000 after buying an additional 4,702 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after buying an additional 126,600 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of Restaurant Brands International during the third quarter valued at approximately $1,103,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Trading Down 1.0 %

NYSE QSR opened at $62.54 on Friday. The company has a 50-day moving average of $67.71 and a 200-day moving average of $69.51. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International has a 12 month low of $62.19 and a 12 month high of $83.29. The company has a market cap of $20.25 billion, a P/E ratio of 15.67, a P/E/G ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.71%. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

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.