Baupost Group LLC MA Takes $2.04 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Baupost Group LLC MA acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,294 shares of the restaurant operator's stock, valued at approximately $2,041,000. Restaurant Brands International makes up about 0.1% of Baupost Group LLC MA's investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares during the period. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the third quarter worth about $61,000. Crewe Advisors LLC raised its stake in Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock worth $75,000 after purchasing an additional 472 shares during the period. Blue Trust Inc. boosted its holdings in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after purchasing an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after buying an additional 704 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.36% of the company's stock.

Restaurant Brands International Stock Up 1.4 %

Shares of QSR traded up $0.97 during midday trading on Wednesday, hitting $70.18. The company had a trading volume of 1,563,649 shares, compared to its average volume of 1,582,773. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.27 and a beta of 0.94. The company's 50 day moving average price is $70.23 and its 200 day moving average price is $69.98. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 52 week low of $65.87 and a 52 week high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QSR. JPMorgan Chase & Co. upped their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Evercore ISI lowered their price target on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a report on Thursday, November 14th. TD Cowen lowered their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Restaurant Brands International currently has an average rating of "Moderate Buy" and a consensus price target of $82.37.

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.