Public Employees Retirement System of Ohio Buys New Stake in Restaurant Brands International Inc. (NYSE:QSR)

Public Employees Retirement System of Ohio purchased a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,625 shares of the restaurant operator's stock, valued at approximately $1,851,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator's stock valued at $311,000 after purchasing an additional 160 shares during the last quarter. D.A. Davidson & CO. raised its stake in Restaurant Brands International by 2.2% during the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator's stock valued at $607,000 after buying an additional 179 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares in the last quarter. Arvest Investments Inc. grew its stake in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator's stock worth $1,331,000 after acquiring an additional 197 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Restaurant Brands International by 17.8% during the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In related news, insider Jill Granat sold 10,613 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the transaction, the insider now owns 388,759 shares of the company's stock, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.36% of the stock is currently owned by insiders.

Restaurant Brands International Stock Performance

NYSE:QSR traded down $0.43 during mid-day trading on Thursday, hitting $65.52. 1,491,961 shares of the company traded hands, compared to its average volume of 1,620,497. 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 stock's fifty day moving average price is $69.63 and its 200-day moving average price is $69.96. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $65.49 and a one year high of $83.29.

Restaurant Brands International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.54%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Bank of America increased their price target on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada decreased their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. TD Cowen lowered their price objective on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Finally, Evercore ISI reduced their target price on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.27.

Restaurant Brands International Company 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.