Wells Fargo & Company Lowers Restaurant Brands International (NYSE:QSR) Price Target to $69.00

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its target price reduced by Wells Fargo & Company from $72.00 to $69.00 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have an equal weight rating on the restaurant operator's stock.

Several other equities analysts also recently commented on the stock. Citigroup boosted their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Evercore ISI decreased their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. CIBC cut their target price on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating on the stock in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their price target on Restaurant Brands International from $77.00 to $72.00 and set a "hold" rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.62.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded down $0.60 during midday trading on Wednesday, reaching $62.54. The stock had a trading volume of 1,262,280 shares, compared to its average volume of 1,320,456. Restaurant Brands International has a 12-month low of $62.19 and a 12-month high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The stock has a 50-day moving average of $68.00 and a 200-day moving average of $69.61.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Friday, December 20th. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the sale, the insider now owns 388,759 shares of the company's stock, valued at $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the transaction, the chief financial officer now directly owns 27,266 shares of the company's stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,510 shares of company stock worth $7,774,020. 1.36% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently bought and sold shares of QSR. 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 worth $30,000 after purchasing an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Restaurant Brands International during the third quarter worth $61,000. Blue Trust Inc. boosted its holdings in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock worth $98,000 after buying an additional 768 shares in the last quarter. GAMMA Investing LLC grew its position in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock valued at $126,000 after buying an additional 704 shares during the period. Finally, BNP Paribas Financial Markets raised its position 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 during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.