Nichols & Pratt Advisers LLP MA Purchases 4,955 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Nichols & Pratt Advisers LLP MA increased its position in Restaurant Brands International Inc. (NYSE:QSRFree Report) (TSE:QSR) by 61.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,063 shares of the restaurant operator’s stock after buying an additional 4,955 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Restaurant Brands International were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Restaurant Brands International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 301,806 shares of the restaurant operator’s stock valued at $17,623,000 after buying an additional 2,830 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Restaurant Brands International by 2.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,183 shares of the restaurant operator’s stock valued at $536,000 after buying an additional 229 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Restaurant Brands International by 12.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,164 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 577 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Restaurant Brands International by 73.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,076 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Restaurant Brands International by 99.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 373,323 shares of the restaurant operator’s stock valued at $21,798,000 after buying an additional 185,998 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QSR shares. Royal Bank of Canada increased their target price on Restaurant Brands International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Stifel Nicolaus increased their target price on Restaurant Brands International from $72.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Barclays lowered their target price on Restaurant Brands International from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, October 23rd. Piper Sandler increased their target price on Restaurant Brands International from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, Sanford C. Bernstein upgraded Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued 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 $80.07.

Get Our Latest Stock Analysis on Restaurant Brands International

Restaurant Brands International Trading Down 0.2 %

Shares of Restaurant Brands International stock opened at $77.02 on Monday. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 2.67 and a beta of 0.92. Restaurant Brands International Inc. has a fifty-two week low of $59.99 and a fifty-two week high of $79.94. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a 50 day moving average of $76.45 and a 200 day moving average of $71.41.

Insider Buying and Selling

In related news, CEO Joshua Kobza sold 2,602 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $73.68, for a total value of $191,715.36. Following the completion of the transaction, the chief executive officer now directly owns 388,266 shares in the company, valued at $28,607,438.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 1,462 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $73.68, for a total transaction of $107,720.16. Following the transaction, the chief financial officer now directly owns 41,652 shares in the company, valued at $3,068,919.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 2,602 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $73.68, for a total value of $191,715.36. Following the completion of the sale, the chief executive officer now owns 388,266 shares in the company, valued at $28,607,438.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,657 shares of company stock worth $5,430,934. Company insiders own 1.25% of the company’s stock.

Restaurant Brands International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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