SL Advisors LLC Sells 172 Shares of Restaurant Brands International Inc. (NYSE:QSR)

SL Advisors LLC lessened its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,242 shares of the restaurant operator’s stock after selling 172 shares during the period. SL Advisors LLC’s holdings in Restaurant Brands International were worth $211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $61,000. Blue Trust Inc. lifted its stake 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 purchasing an additional 768 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in 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 purchasing an additional 265 shares during the period. 82.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QSR. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Oppenheimer decreased their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday. Evercore ISI lowered their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup boosted their target price on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.92.

Insider Activity

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now directly owns 32,937 shares in the company, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $5,645,816.19. Following the sale, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,510 shares of company stock worth $7,774,020. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Down 0.4 %

Shares of NYSE:QSR traded down $0.28 during trading hours on Wednesday, hitting $62.86. The company’s stock had a trading volume of 500,316 shares, compared to its average volume of 1,179,120. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.27 and a beta of 0.94. The firm’s fifty day moving average price is $68.00 and its 200 day moving average price is $69.61. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 52 week low of $62.19 and a 52 week high of $83.29.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 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.