15,992 Shares in Restaurant Brands International Inc. (NYSE:QSR) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,992 shares of the restaurant operator's stock, valued at approximately $1,153,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QSR. Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 79.4% during 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 acquired a new stake in Restaurant Brands International during the third quarter worth about $61,000. Crewe Advisors LLC increased its holdings in Restaurant Brands International by 78.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator's stock valued at $75,000 after buying an additional 472 shares during the period. Blue Trust Inc. raised its position in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator's stock valued at $98,000 after buying an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Restaurant Brands International by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 704 shares during the period. Institutional investors and hedge funds own 82.29% of the company's stock.

Restaurant Brands International Trading Down 0.8 %

NYSE:QSR traded down $0.59 on Thursday, reaching $69.21. 1,674,325 shares of the stock traded hands, compared to its average volume of 1,601,445. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29. The company's 50 day moving average is $70.02 and its 200-day moving average is $69.98. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.93.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.35%. Restaurant Brands International's dividend payout ratio (DPR) is presently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

QSR has been the topic of a number of recent analyst reports. Argus decreased their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price target on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research report on Wednesday, November 6th. Citigroup lifted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lowered their target price on Restaurant Brands International from $89.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.27.

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.