Cadence Bank Sells 85,434 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Cadence Bank decreased its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 54.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,371 shares of the restaurant operator's stock after selling 85,434 shares during the quarter. Cadence Bank's holdings in Restaurant Brands International were worth $5,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after buying an additional 185 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International during the third quarter valued at about $61,000. Crewe Advisors LLC boosted its holdings 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 last quarter. Blue Trust Inc. increased its stake 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 buying an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Restaurant Brands International by 67.0% during the third 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 Buying and Selling at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This trade represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on QSR shares. Oppenheimer decreased their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, October 22nd. Bank of America boosted their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a research note on Thursday, November 14th. Finally, KeyCorp lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.37.

Restaurant Brands International Stock Up 1.4 %

Restaurant Brands International stock traded up $0.97 during mid-day 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's 50 day moving average price is $70.25 and its two-hundred day moving average price is $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. The company has a market capitalization of $22.72 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. Restaurant Brands International Inc. has a 12 month low of $65.87 and a 12 month 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 issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.31%. Restaurant Brands International's 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.