Centiva Capital LP Invests $825,000 in Restaurant Brands International Inc. (NYSE:QSR)

Centiva Capital LP acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,438 shares of the restaurant operator's stock, valued at approximately $825,000.

A number of other hedge funds have also recently added to or reduced their stakes in QSR. Cetera Investment Advisers grew its stake in shares of Restaurant Brands International by 63.7% during the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock worth $3,245,000 after purchasing an additional 15,891 shares during the period. Cetera Advisors LLC grew its position in Restaurant Brands International by 15.1% during the first quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator's stock worth $791,000 after buying an additional 1,309 shares during the period. SG Americas Securities LLC purchased a new position in Restaurant Brands International in the second quarter valued at about $172,000. Artemis Investment Management LLP acquired a new stake in shares of Restaurant Brands International during the 2nd quarter valued at approximately $13,563,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter valued at approximately $792,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on QSR. Truist Financial dropped their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a "buy" rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered 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, Piper Sandler cut their price target on Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of "Moderate Buy" and an average target price of $82.27.

Restaurant Brands International Stock Down 1.1 %

Restaurant Brands International stock traded down $0.75 during midday trading on Friday, hitting $68.99. 1,066,001 shares of the stock were exchanged, compared to its average volume of 1,496,641. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29. The firm has a market cap of $22.33 billion, a P/E ratio of 17.29, a P/E/G ratio of 2.31 and a beta of 0.93. The company has a 50 day moving average price of $70.16 and a two-hundred day moving average price of $69.93. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's dividend payout ratio is currently 58.15%.

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.