Restaurant Brands International Inc. (NYSE:QSR) Position Cut by Bridgewater Associates LP

Bridgewater Associates LP lowered its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 55.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,608 shares of the restaurant operator's stock after selling 278,164 shares during the period. Bridgewater Associates LP owned 0.07% of Restaurant Brands International worth $16,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in QSR. Farther Finance Advisors LLC boosted its holdings in 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 acquiring an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Restaurant Brands International during the third quarter valued at approximately $61,000. Crewe Advisors LLC grew 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 buying an additional 472 shares during the period. Blue Trust Inc. increased its position in shares of 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 in the last quarter. Finally, GAMMA Investing LLC raised 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 acquiring an additional 704 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded up $0.97 during mid-day trading on Thursday, reaching $70.18. The company's stock had a trading volume of 1,571,827 shares, compared to its average volume of 1,582,773. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. The business has a 50 day moving average price of $70.23 and a 200-day moving average price of $69.98. 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 Dividend Announcement

The firm also recently declared 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 3.31%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm'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 value of $448,565.68. Following the sale, the insider now 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 SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. CIBC decreased their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research report on Wednesday, November 6th. Oppenheimer decreased their target price on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating for the company in a research report on Tuesday, October 22nd. Piper Sandler dropped their target price on Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Bank of America upped their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.37.

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.