Qsemble Capital Management LP Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

Qsemble Capital Management LP acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,203 shares of the restaurant operator's stock, valued at approximately $664,000.

Several other large investors have also modified their holdings of QSR. Cetera Investment Advisers raised its stake in shares of Restaurant Brands International by 63.7% during the first quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator's stock worth $3,245,000 after purchasing an additional 15,891 shares during the last quarter. Sumitomo Life Insurance Co. acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at approximately $666,000. Dimensional Fund Advisors LP grew its holdings in Restaurant Brands International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator's stock worth $45,772,000 after acquiring an additional 10,855 shares during the period. Raymond James & Associates lifted its holdings in Restaurant Brands International by 42.0% in the second quarter. Raymond James & Associates now owns 77,669 shares of the restaurant operator's stock valued at $5,466,000 after acquiring an additional 22,981 shares during the period. Finally, Fiera Capital Corp increased its holdings in shares of Restaurant Brands International by 6.5% in the 2nd quarter. Fiera Capital Corp now owns 3,517,417 shares of the restaurant operator's stock valued at $247,955,000 after purchasing an additional 213,877 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's 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 sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QSR. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research note on Wednesday, November 6th. KeyCorp cut 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 report on Wednesday, November 6th. TD Cowen dropped their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Citigroup raised their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer reduced their price objective on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Restaurant Brands International has an average rating of "Moderate Buy" and an average price target of $82.37.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded up $0.97 during mid-day trading on Wednesday, reaching $70.18. The company's stock had a trading volume of 1,563,649 shares, compared to its average volume of 1,582,773. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.27 and a beta of 0.94. The business has a 50 day moving average price of $70.25 and a 200-day moving average price of $69.98. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month 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.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.31%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

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.