FORA Capital LLC Takes Position in Restaurant Brands International Inc. (NYSE:QSR)

FORA Capital LLC acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,727 shares of the restaurant operator's stock, valued at approximately $2,432,000.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the third quarter valued at approximately $61,000. Crewe Advisors LLC lifted its stake in shares of Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock valued at $75,000 after buying an additional 472 shares during the period. Blue Trust Inc. boosted its position in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 704 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's 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 transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research analyst reports. Stifel Nicolaus dropped 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. Citigroup increased their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Evercore ISI lowered 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 research note on Wednesday, November 6th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $82.37.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded up $0.97 during midday trading on Thursday, hitting $70.18. The company's stock had a trading volume of 1,571,827 shares, compared to its average volume of 1,582,773. The firm has a market cap of $22.72 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.27 and a beta of 0.94. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29. The firm's fifty day moving average price is $70.25 and its 200-day moving average price is $69.98. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, December 20th. Restaurant Brands International's payout ratio is 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.