Crossmark Global Holdings Inc. Sells 10,679 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Crossmark Global Holdings Inc. lowered its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 37.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,810 shares of the restaurant operator's stock after selling 10,679 shares during the period. Crossmark Global Holdings Inc.'s holdings in Restaurant Brands International were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QSR. BNP Paribas Financial Markets increased its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock worth $89,000 after purchasing an additional 203 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Restaurant Brands International by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock worth $9,915,000 after buying an additional 7,196 shares in the last quarter. US Bancorp DE raised its stake in shares of Restaurant Brands International by 2.8% in the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator's stock valued at $743,000 after acquiring an additional 256 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Restaurant Brands International by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator's stock worth $254,000 after acquiring an additional 154 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Restaurant Brands International during the 1st quarter worth approximately $721,000. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Up 0.8 %

QSR traded up $0.57 on Thursday, hitting $68.48. The company had a trading volume of 1,685,965 shares, compared to its average volume of 1,585,986. The stock has a fifty day simple moving average of $70.12 and a 200-day simple moving average of $70.34. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $22.17 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.19 and a beta of 0.94. Restaurant Brands International Inc. has a 52-week low of $65.87 and a 52-week high of $83.29.

Restaurant Brands International Announces Dividend

The business 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Guggenheim increased their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada lowered their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.37.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 26.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of the 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 directly 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 disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

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.