Morgan Stanley Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price objective reduced by Morgan Stanley from $81.00 to $73.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator's stock.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. KeyCorp lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, January 10th. TD Cowen dropped their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, Oppenheimer cut their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.08.

Restaurant Brands International Stock Up 0.6 %

QSR stock traded up $0.34 during mid-day trading on Tuesday, hitting $60.82. 3,356,395 shares of the company were exchanged, compared to its average volume of 1,729,823. The company has a market capitalization of $19.73 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The firm has a fifty day simple moving average of $66.58 and a 200 day simple moving average of $69.06. 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 has a twelve month low of $60.03 and a twelve month high of $83.29.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, December 20th. Restaurant Brands International's payout ratio is presently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company's stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of Restaurant Brands International stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,510 shares of company stock worth $7,774,020. Corporate insiders own 1.36% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings 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 buying an additional 185 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $61,000. MassMutual Private Wealth & Trust FSB increased its stake in Restaurant Brands International by 74.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock valued at $86,000 after acquiring an additional 567 shares during the period. Blue Trust Inc. raised its position in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after purchasing an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock worth $126,000 after purchasing an additional 704 shares during the period. 82.29% of the stock is currently owned by institutional investors.

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.