Rockefeller Capital Management L.P. Increases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Rockefeller Capital Management L.P. raised its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 232,216 shares of the restaurant operator's stock after purchasing an additional 18,032 shares during the quarter. Rockefeller Capital Management L.P. owned 0.07% of Restaurant Brands International worth $16,748,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in 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 acquiring an additional 15,891 shares during the period. Cetera Advisors LLC increased its holdings in shares of Restaurant Brands International by 15.1% during the 1st quarter. Cetera Advisors LLC now owns 9,953 shares of the restaurant operator's stock valued at $791,000 after purchasing an additional 1,309 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Restaurant Brands International by 4.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,821 shares of the restaurant operator's stock valued at $3,306,000 after purchasing an additional 1,665 shares during the period. Threadgill Financial LLC purchased a new stake in Restaurant Brands International during the second quarter worth $500,000. Finally, SG Americas Securities LLC purchased a new stake in Restaurant Brands International during the second quarter worth $172,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Restaurant Brands International from $82.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Oppenheimer lowered their price target 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. Wells Fargo & Company cut their price objective on Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Bank of America increased their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Finally, Guggenheim boosted their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus price target of $82.27.

Restaurant Brands International Trading Up 0.2 %

Shares of QSR traded up $0.11 during trading on Monday, reaching $69.72. 1,878,115 shares of the company traded hands, compared to its average volume of 1,581,208. The stock has a 50-day simple moving average of $70.20 and a 200-day simple moving average of $69.93. The stock has a market cap of $22.57 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a dividend yield of 3.33%. Restaurant Brands International's dividend payout ratio is presently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is owned by corporate insiders.

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.