First Horizon Advisors Inc. Buys 160 Shares of Restaurant Brands International Inc. (NYSE:QSR)

First Horizon Advisors Inc. raised its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,318 shares of the restaurant operator’s stock after purchasing an additional 160 shares during the quarter. First Horizon Advisors Inc.’s holdings in Restaurant Brands International were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International in the third quarter valued at about $61,000. Crewe Advisors LLC raised its stake in shares of Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 472 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated 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 owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI cut their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer dropped their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Guggenheim boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Bank of America raised their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.37.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $69.09 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a 50 day moving average price of $70.23 and a 200-day moving average price of $70.09. Restaurant Brands International Inc. has a 52 week low of $65.87 and a 52 week high of $83.29. The firm has a market capitalization of $22.36 billion, a PE ratio of 17.32, a P/E/G ratio of 2.26 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 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.