Oppenheimer & Co. Inc. Cuts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Oppenheimer & Co. Inc. trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,386 shares of the restaurant operator's stock after selling 7,414 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Restaurant Brands International were worth $4,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $402,000. Cumberland Partners Ltd purchased a new stake in Restaurant Brands International in the third quarter valued at $231,000. Aigen Investment Management LP lifted its stake in shares of Restaurant Brands International by 56.6% in the 3rd quarter. Aigen Investment Management LP now owns 27,705 shares of the restaurant operator's stock valued at $1,998,000 after purchasing an additional 10,019 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth $2,004,000. Finally, Buckingham Capital Management Inc. increased its position in shares of Restaurant Brands International by 4.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 22,234 shares of the restaurant operator's stock worth $1,604,000 after purchasing an additional 912 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Stock Down 1.4 %

Shares of NYSE QSR traded down $0.93 during mid-day trading on Friday, reaching $67.54. The company had a trading volume of 669,443 shares, compared to its average volume of 1,581,857. The firm has a 50 day simple moving average of $70.13 and a two-hundred day simple moving average of $70.32. Restaurant Brands International Inc. has a 52-week low of $65.87 and a 52-week high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market cap of $21.86 billion, a P/E ratio of 17.04, a PEG ratio of 2.20 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The company also recently disclosed 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. This represents a $2.32 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Friday, December 20th. Restaurant Brands International's payout ratio is 58.15%.

Insider Transactions at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. The trade was a 26.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 14.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on QSR shares. Guggenheim upped their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. TD Cowen decreased 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 report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a report on Thursday. JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Finally, Bank of America raised their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an "underperform" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and an average target price of $82.37.

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.