5,235 Shares in Restaurant Brands International Inc. (NYSE:QSR) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,235 shares of the restaurant operator’s stock, valued at approximately $378,000.

Several other institutional investors have also modified their holdings of the stock. D1 Capital Partners L.P. purchased a new stake in Restaurant Brands International during the 2nd quarter valued at $200,097,000. National Bank of Canada FI increased its position in Restaurant Brands International by 68.6% during the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after acquiring an additional 1,294,185 shares during the last quarter. Holocene Advisors LP bought a new position in Restaurant Brands International during the third quarter valued at $89,790,000. Point72 Asset Management L.P. raised its stake in shares of Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock valued at $105,707,000 after acquiring an additional 1,082,622 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after acquiring an additional 835,000 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

QSR opened at $67.52 on Tuesday. The firm has a market capitalization of $21.86 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50-day moving average is $69.87 and its two-hundred day moving average is $70.03. Restaurant Brands International Inc. has a 1 year low of $65.87 and a 1 year high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s payout ratio is currently 58.15%.

Analyst Ratings Changes

QSR has been the topic of a number of recent analyst reports. TD Cowen reduced their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. CIBC decreased their price target on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Evercore ISI cut their price objective on 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. Stifel Nicolaus decreased their target price 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. Finally, Guggenheim boosted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Insider Buying and Selling

In related news, insider Jill Granat sold 10,613 shares of the business’s stock in a transaction on Monday, December 9th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is currently owned by company insiders.

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.