D1 Capital Partners L.P. Sells 1,513,460 Shares of Restaurant Brands International Inc. (NYSE:QSR)

D1 Capital Partners L.P. lessened its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 53.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330,040 shares of the restaurant operator's stock after selling 1,513,460 shares during the period. Restaurant Brands International accounts for approximately 1.9% of D1 Capital Partners L.P.'s portfolio, making the stock its 17th largest holding. D1 Capital Partners L.P. owned approximately 0.41% of Restaurant Brands International worth $95,922,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position in shares of Restaurant Brands International by 8.4% in the third quarter. Rockefeller Capital Management L.P. now owns 232,216 shares of the restaurant operator's stock valued at $16,748,000 after acquiring an additional 18,032 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Restaurant Brands International by 2.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 137,789 shares of the restaurant operator's stock worth $9,954,000 after buying an additional 3,167 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Restaurant Brands International during the 3rd quarter valued at $2,432,000. Baupost Group LLC MA purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth $2,041,000. Finally, BNP Paribas Financial Markets boosted its holdings in Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after acquiring an additional 265 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Stock Down 0.8 %

Shares of Restaurant Brands International stock traded down $0.57 during midday trading on Friday, hitting $69.61. The company's stock had a trading volume of 820,114 shares, compared to its average volume of 1,579,471. 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 capitalization of $22.53 billion, a P/E ratio of 17.59, a PEG ratio of 2.28 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a 50-day simple moving average of $70.23 and a 200-day simple moving average of $69.98.

Restaurant Brands International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QSR. Stifel Nicolaus decreased their target price on Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a report on Thursday, November 14th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company lowered their target price 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. Evercore ISI reduced their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price 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. One investment 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 a consensus rating of "Moderate Buy" and an average price target of $82.37.

Insider Buying and Selling at Restaurant Brands International

In other 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 transaction of $448,565.68. Following the completion of the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.36% of the company's stock.

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.