Janus Henderson Group PLC Acquires 331,880 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Janus Henderson Group PLC boosted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 848.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,973 shares of the restaurant operator's stock after purchasing an additional 331,880 shares during the quarter. Janus Henderson Group PLC owned about 0.11% of Restaurant Brands International worth $26,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Restaurant Brands International by 63.7% in the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock valued at $3,245,000 after acquiring an additional 15,891 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Restaurant Brands International by 15.1% during the first quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator's stock worth $791,000 after purchasing an additional 1,309 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $172,000. Artemis Investment Management LLP bought a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $13,563,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in Restaurant Brands International during the second quarter worth approximately $792,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 1.1 %

NYSE:QSR traded down $0.75 during trading hours on Friday, hitting $68.99. 1,066,001 shares of the company were exchanged, compared to its average volume of 1,496,641. The company has a fifty day simple moving average of $70.21 and a 200 day simple moving average of $69.94. Restaurant Brands International Inc. has a one year low of $65.87 and a one year high of $83.29. The stock has a market capitalization of $22.33 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.36%. Restaurant Brands International's payout ratio is 58.15%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QSR. KeyCorp dropped their price objective on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating for the company in a research report 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 research note on Monday, September 9th. JPMorgan Chase & Co. boosted 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 report on Monday, September 16th. Finally, Argus reduced their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $82.27.

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.