Wellington Management Group LLP Grows Position in Restaurant Brands International Inc. (NYSE:QSR)

Wellington Management Group LLP boosted its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 112.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,965 shares of the restaurant operator's stock after purchasing an additional 9,496 shares during the period. Wellington Management Group LLP's holdings in Restaurant Brands International were worth $1,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in shares of Restaurant Brands International by 3.8% in the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator's stock valued at $311,000 after purchasing an additional 160 shares during the period. D.A. Davidson & CO. lifted its holdings in Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator's stock worth $607,000 after buying an additional 179 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator's stock valued at $30,000 after buying an additional 185 shares during the period. Arvest Investments Inc. grew its stake in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator's stock worth $1,331,000 after acquiring an additional 197 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In other news, insider Jill Granat sold 10,613 shares of the business'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 directly owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Argus decreased their price objective on 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. Bank of America upped their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. TD Cowen lowered 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 report on Wednesday, November 6th. Finally, Guggenheim increased their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.27.

Restaurant Brands International Stock Performance

QSR stock traded up $1.25 during trading on Friday, hitting $66.77. The company had a trading volume of 1,795,318 shares, compared to its average volume of 1,621,207. Restaurant Brands International Inc. has a 1-year low of $64.69 and a 1-year high of $83.29. The firm has a 50-day moving average price of $69.63 and a 200-day moving average price of $69.96. 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 firm has a market cap of $21.61 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

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.