Restaurant Brands International (NYSE:QSR) Price Target Cut to $69.00 by Analysts at Wells Fargo & Company

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target decreased by Wells Fargo & Company from $72.00 to $69.00 in a report issued on Wednesday,BayStreet.CA reports. Wells Fargo & Company currently has an equal weight rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. TD Cowen reduced their price target on 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. Stifel Nicolaus decreased their price target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. Citigroup upped their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer decreased their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Argus dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Restaurant Brands International Stock Performance

Shares of QSR opened at $62.54 on Wednesday. Restaurant Brands International has a 1 year low of $62.19 and a 1 year high of $83.29. The company’s 50 day simple moving average is $67.85 and its 200 day simple moving average is $69.56. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. 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 Announces Dividend

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

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the company’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 transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 in the last ninety days. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. D1 Capital Partners L.P. acquired a new position in Restaurant Brands International in the second quarter worth about $200,097,000. National Bank of Canada FI lifted its holdings in Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after buying an additional 1,294,185 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $89,790,000. Point72 Asset Management L.P. increased its holdings in shares of Restaurant Brands International by 282.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Restaurant Brands International by 31.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after acquiring an additional 835,000 shares in the last quarter. Institutional investors and hedge funds own 82.29% 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.