Braun Stacey Associates Inc. Sells 175,204 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Braun Stacey Associates Inc. decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 59.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,197 shares of the restaurant operator's stock after selling 175,204 shares during the period. Braun Stacey Associates Inc.'s holdings in Restaurant Brands International were worth $8,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QSR. BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock worth $89,000 after purchasing an additional 203 shares during the period. US Bancorp DE boosted its position in Restaurant Brands International by 2.8% during the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator's stock valued at $743,000 after acquiring an additional 256 shares in the last quarter. Intech Investment Management LLC bought a new stake in Restaurant Brands International during the 1st quarter valued at approximately $721,000. Vanguard Group Inc. grew its holdings in shares of Restaurant Brands International by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator's stock worth $965,049,000 after acquiring an additional 141,468 shares during the period. Finally, Seven Eight Capital LP raised its position in shares of Restaurant Brands International by 646.3% in the 1st quarter. Seven Eight Capital LP now owns 23,627 shares of the restaurant operator's stock worth $1,877,000 after acquiring an additional 20,461 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Activity

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now directly owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This trade represents a 14.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Axel Mr Schwan sold 36,000 shares of the business's stock in a transaction dated 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 $6,866,420.76. This represents a 26.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QSR. KeyCorp dropped their price target 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. Bank of America boosted their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Citigroup increased their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Argus dropped their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, Stifel Nicolaus cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and an average target price of $82.37.

Restaurant Brands International Stock Performance

Shares of QSR stock traded up $1.41 on Monday, reaching $68.93. The stock had a trading volume of 653,161 shares, compared to its average volume of 1,580,429. 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 Inc. has a 1 year low of $65.87 and a 1 year high of $83.29. The stock has a market cap of $22.31 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a 50 day simple moving average of $70.13 and a 200 day simple moving average of $70.22.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. 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 3.37%. Restaurant Brands International's dividend payout ratio is currently 58.15%.

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.