Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 26.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,237 shares of the restaurant operator's stock after selling 10,600 shares during the quarter. Cetera Investment Advisers' holdings in Restaurant Brands International were worth $2,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QSR. V Square Quantitative Management LLC purchased a new position in Restaurant Brands International in the fourth quarter valued at $339,000. Syon Capital LLC raised its position in shares of Restaurant Brands International by 21.7% during the 4th quarter. Syon Capital LLC now owns 4,430 shares of the restaurant operator's stock worth $346,000 after acquiring an additional 790 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in Restaurant Brands International by 3.1% during the fourth quarter. Greenwood Capital Associates LLC now owns 16,067 shares of the restaurant operator's stock worth $1,255,000 after purchasing an additional 482 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator's stock valued at $937,963,000 after purchasing an additional 224,111 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Restaurant Brands International by 163.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,703 shares of the restaurant operator's stock valued at $1,305,000 after purchasing an additional 10,355 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

QSR stock traded up $0.79 during trading on Monday, reaching $71.60. 991,349 shares of the company were exchanged, compared to its average volume of 1,597,009. Restaurant Brands International Inc. has a 52-week low of $62.65 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The company has a market cap of $22.68 billion, a P/E ratio of 18.40, a PEG ratio of 2.12 and a beta of 0.94. The stock's 50 day moving average price is $70.18 and its 200 day moving average price is $70.93.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International's dividend payout ratio is currently 59.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on QSR. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $80.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. KeyCorp reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, June 27th. Royal Bank of Canada raised their price target on Restaurant Brands International from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, September 12th. Finally, Guggenheim lifted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.11.

Insider Activity

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the transaction, the insider now owns 97,479 shares of the company's stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $448,565.68. Following the completion of the transaction, the insider now directly owns 37,179 shares of the company's stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company's stock.

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.