UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,929 shares of the restaurant operator's stock after selling 14,545 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Restaurant Brands International worth $22,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 4.9% during the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator's stock worth $811,907,000 after acquiring an additional 536,124 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator's stock worth $403,398,000 after acquiring an additional 773,783 shares in the last quarter. Mackenzie Financial Corp raised its stake in Restaurant Brands International by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator's stock worth $390,678,000 after acquiring an additional 518,795 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Restaurant Brands International by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator's stock worth $291,615,000 after acquiring an additional 169,458 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Restaurant Brands International by 6.5% in the third quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator's stock valued at $270,554,000 after buying an additional 227,203 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

QSR has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on 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. Evercore ISI lowered their price objective on 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. Citigroup upped their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their price objective on Restaurant Brands International from $80.00 to $77.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.27.

Restaurant Brands International Stock Down 1.1 %

Shares of QSR traded down $0.75 during trading hours on Friday, reaching $68.99. The stock had a trading volume of 1,066,001 shares, compared to its average volume of 1,582,977. The firm has a 50-day simple moving average of $70.21 and a 200 day simple moving average of $69.94. Restaurant Brands International Inc. has a 12 month low of $65.87 and a 12 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. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 2.30 and a beta of 0.93.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Friday, December 20th. Restaurant Brands International's payout ratio is presently 58.15%.

About Restaurant Brands International

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.