Citigroup Inc. Has $13.25 Million Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Citigroup Inc. increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,433 shares of the restaurant operator's stock after acquiring an additional 12,287 shares during the quarter. Citigroup Inc. owned approximately 0.06% of Restaurant Brands International worth $13,251,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Restaurant Brands International by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 707,707 shares of the restaurant operator's stock valued at $51,122,000 after buying an additional 30,035 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Restaurant Brands International by 4.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator's stock worth $685,000 after acquiring an additional 409 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Restaurant Brands International by 10.4% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 610,343 shares of the restaurant operator's stock valued at $44,036,000 after purchasing an additional 57,681 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Restaurant Brands International by 3.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator's stock valued at $311,000 after purchasing an additional 160 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Restaurant Brands International by 16.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,207,251 shares of the restaurant operator's stock worth $159,251,000 after purchasing an additional 307,791 shares during the last quarter. Institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $448,565.68. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.36% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Down 0.8 %

Shares of QSR stock traded down $0.57 on Friday, reaching $69.61. 820,114 shares of the company's stock traded hands, compared to its average volume of 1,579,844. The company has a market capitalization of $22.53 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 2.28 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. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The business's 50 day moving average price is $70.23 and its two-hundred day moving average price is $69.98.

Restaurant Brands International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research note on Wednesday, November 6th. Bank of America raised their price target on Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada decreased their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, Argus lowered their target price 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.37.

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.