Arvest Bank Trust Division Acquires Shares of 167,122 Restaurant Brands International Inc. (NYSE:QSR)

Arvest Bank Trust Division purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 167,122 shares of the restaurant operator's stock, valued at approximately $12,053,000. Arvest Bank Trust Division owned approximately 0.05% of Restaurant Brands International at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Restaurant Brands International by 0.5% in the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator's stock valued at $62,327,000 after purchasing an additional 4,702 shares during the period. Geode Capital Management LLC boosted its stake in Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Vestcor Inc purchased a new stake in Restaurant Brands International during the 3rd quarter valued at about $1,103,000. Public Employees Retirement System of Ohio acquired a new stake in Restaurant Brands International in the 3rd quarter valued at about $1,851,000. Finally, Meritage Group LP purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $4,039,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on QSR shares. Oppenheimer cut their price target on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating for the company in a report on Tuesday, October 22nd. CIBC cut their target price on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research note on Wednesday, November 6th. Evercore ISI reduced their price target on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. 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 report on Wednesday, October 16th. Finally, Truist Financial reduced their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Restaurant Brands International has a consensus rating of "Moderate Buy" and an average price target of $82.27.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock traded down $0.61 during trading on Thursday, reaching $69.19. The company's stock had a trading volume of 2,157,827 shares, compared to its average volume of 1,601,445. The company has a 50-day moving average price of $70.02 and a two-hundred day moving average price of $69.98. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The firm has a market cap of $22.40 billion, a PE ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 0.93. 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 Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.35%. Restaurant Brands International's payout ratio is 58.15%.

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.