Franklin Resources Inc. Sells 8,934 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Franklin Resources Inc. reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,694 shares of the restaurant operator's stock after selling 8,934 shares during the quarter. Franklin Resources Inc.'s holdings in Restaurant Brands International were worth $6,317,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $61,000. Crewe Advisors LLC increased its holdings 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 worth $75,000 after purchasing an additional 472 shares during the period. Blue Trust Inc. raised its position in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after buying an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after buying an additional 704 shares during the period. Institutional investors own 82.29% of the company's stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Trading Down 0.9 %

Restaurant Brands International stock traded down $0.57 during mid-day trading on Monday, hitting $66.20. 1,391,077 shares of the stock were exchanged, compared to its average volume of 1,620,276. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a 12 month low of $64.69 and a 12 month high of $83.29. 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 firm's fifty day simple moving average is $69.55 and its two-hundred day simple moving average is $69.94.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 3.50%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's dividend payout ratio is presently 58.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Stifel Nicolaus decreased 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 report on Thursday, November 14th. TD Cowen cut their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Bank of America lifted 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 note on Tuesday, October 22nd. Finally, CIBC cut their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.27.

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.