Avanza Fonder AB Acquires Shares of 19,926 Restaurant Brands International Inc. (NYSE:QSR)

Avanza Fonder AB bought a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,926 shares of the restaurant operator's stock, valued at approximately $1,299,000.

A number of other large investors have also recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its holdings in shares of Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock worth $811,907,000 after purchasing an additional 536,124 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Restaurant Brands International by 15.6% in the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator's stock valued at $403,398,000 after purchasing an additional 773,783 shares during the period. Mackenzie Financial Corp increased its holdings in Restaurant Brands International by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator's stock worth $390,678,000 after purchasing an additional 518,795 shares during the period. The Manufacturers Life Insurance Company raised its position in Restaurant Brands International by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator's stock valued at $291,615,000 after purchasing an additional 169,458 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Restaurant Brands International by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator's stock worth $270,554,000 after buying an additional 227,203 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Up 0.0 %

QSR traded up $0.01 on Monday, reaching $60.48. The company's stock had a trading volume of 1,492,815 shares, compared to its average volume of 1,261,844. The stock has a 50 day moving average of $66.73 and a two-hundred day moving average of $69.13. Restaurant Brands International Inc. has a fifty-two week low of $60.03 and a fifty-two week high of $83.29. 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 market capitalization of $19.59 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.81 and a beta of 0.94.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Friday, December 20th. Restaurant Brands International's payout ratio is currently 58.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Oppenheimer cut their price objective 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, January 7th. KeyCorp reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. CIBC dropped their price target on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada reduced their target price on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, Bank of America raised their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $81.46.

Insiders Place Their Bets

In other news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now directly owns 703,445 shares of the company's stock, valued at approximately $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company's stock.

Restaurant Brands International 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.