Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 76.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,927 shares of the restaurant operator's stock after selling 331,258 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Restaurant Brands International were worth $7,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 185 shares during the period. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International in the third quarter valued at approximately $61,000. Crewe Advisors LLC increased its holdings in Restaurant Brands International by 78.8% in the 2nd 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. raised its position in Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Restaurant Brands International by 67.0% during 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 Price Performance

NYSE QSR traded up $0.11 during mid-day trading on Monday, hitting $69.72. The stock had a trading volume of 1,878,115 shares, compared to its average volume of 1,581,208. The firm's 50 day moving average is $70.20 and its 200 day moving average is $69.93. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.26 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.33%. Restaurant Brands International's dividend payout ratio is presently 58.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QSR shares. Oppenheimer cut their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company cut their price target on Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada dropped their target price on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, CIBC reduced their price target on 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.27.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International 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 sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.