Restaurant Brands International Inc. (NYSE:QSR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 616,351 shares of the restaurant operator's stock after selling 10,806 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.19% of Restaurant Brands International worth $44,451,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QSR. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 185 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International in the third quarter valued at $61,000. Crewe Advisors LLC raised its stake in Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock valued at $75,000 after buying an additional 472 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator's stock valued at $89,000 after buying an additional 203 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after buying an additional 768 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business's stock in a transaction 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 transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.36% of the stock is owned by corporate insiders.

Restaurant Brands International Trading Up 1.2 %

Shares of NYSE QSR traded up $0.86 during trading on Monday, hitting $69.96. 1,172,654 shares of the company traded hands, compared to its average volume of 1,579,474. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29. The company has a 50-day moving average price of $70.23 and a 200-day moving average price of $70.03. The firm has a market capitalization of $22.65 billion, a P/E ratio of 17.32, a P/E/G ratio of 2.24 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 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. Investors of record on Friday, December 20th will be given 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 yield of 3.32%. Restaurant Brands International's dividend payout ratio (DPR) is 58.15%.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. Piper Sandler dropped their price objective on Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a report on Wednesday, November 6th. 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 report on Tuesday, October 22nd. Stifel Nicolaus lowered their price target on Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating on the stock in a report on Thursday, November 14th. Finally, Citigroup raised their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.37.

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.