Entropy Technologies LP Takes $2 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Entropy Technologies LP acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,792 shares of the restaurant operator's stock, valued at approximately $2,004,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 185 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Restaurant Brands International during the 1st quarter worth approximately $48,000. BNP Paribas Financial Markets raised its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after buying an additional 203 shares during the period. Blue Trust Inc. grew its position in 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 acquiring an additional 768 shares during the period. Finally, GAMMA Investing LLC increased its stake in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 704 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Up 1.2 %

NYSE:QSR traded up $0.81 during midday trading on Wednesday, hitting $68.18. 550,006 shares of the company were exchanged, compared to its average volume of 1,582,010. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The company has a market capitalization of $22.07 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a fifty day simple moving average of $70.14 and a 200 day simple moving average of $70.35.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's payout ratio is currently 58.15%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the completion of the sale, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company's stock, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now directly owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI cut their price objective on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Stifel Nicolaus decreased their price target on Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. Morgan Stanley cut their price objective on Restaurant Brands International from $86.00 to $83.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 16th. Finally, Citigroup lifted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.56.

Restaurant Brands International Company Profile

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.