The Manufacturers Life Insurance Company Sells 292,414 Shares of Restaurant Brands International Inc. (NYSE:QSR)

The Manufacturers Life Insurance Company lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,852,016 shares of the restaurant operator's stock after selling 292,414 shares during the period. The Manufacturers Life Insurance Company owned approximately 1.19% of Restaurant Brands International worth $278,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 185 shares during the period. Plato Investment Management Ltd bought a new stake in Restaurant Brands International during the 3rd quarter worth approximately $61,000. Crewe Advisors LLC increased its holdings in Restaurant Brands International by 78.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 472 shares during the period. Blue Trust Inc. increased its holdings in Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 768 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 704 shares during the period. Institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.9 %

QSR traded down $0.60 during trading on Tuesday, hitting $69.21. 1,473,660 shares of the stock traded hands, compared to its average volume of 1,582,821. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 12-month low of $65.87 and a 12-month high of $83.29. The firm has a market capitalization of $22.40 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94. The firm has a 50-day moving average of $70.23 and a 200 day moving average of $69.98.

Restaurant Brands International Announces Dividend

The business 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 $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.35%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Analyst Ratings Changes

QSR has been the topic of a number of analyst reports. Guggenheim upped their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Evercore ISI cut their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Argus cut their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. TD Cowen cut their price target 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. Finally, KeyCorp cut their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.37.

Insiders Place Their Bets

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated 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 directly owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 14.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.