Restaurant Brands International (NYSE:QSR) Sees Unusually-High Trading Volume - Should You Buy?

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR shares saw an uptick in trading volume on Wednesday . 2,616,733 shares were traded during mid-day trading, an increase of 63% from the previous session's volume of 1,606,659 shares.The stock last traded at $67.40 and had previously closed at $67.48.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. KeyCorp cut their price objective on 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. Argus cut their price target on Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Evercore ISI lowered their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus cut 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 research note on Thursday, November 14th. Finally, Guggenheim raised their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.27.

Restaurant Brands International Stock Performance

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 has a market capitalization of $21.35 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The stock's 50-day simple moving average is $69.73 and its 200 day simple moving average is $70.00.

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 3.52%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 10,613 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33. Following the transaction, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.36% of the company's stock.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. Wilmington Savings Fund Society FSB acquired a new stake in shares of Restaurant Brands International in the third quarter valued at approximately $378,000. Arvest Bank Trust Division bought a new position in Restaurant Brands International in the 3rd quarter valued at $12,053,000. Toronto Dominion Bank increased its stake in shares of Restaurant Brands International by 0.5% in the 3rd quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator's stock valued at $62,327,000 after buying an additional 4,702 shares during the period. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Vestcor Inc acquired a new position in shares of Restaurant Brands International during the third quarter valued at $1,103,000. 82.29% of the stock is owned by institutional investors.

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.