Strategic Investment Advisors MI Has $439,000 Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Strategic Investment Advisors MI trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,742 shares of the restaurant operator’s stock after selling 873 shares during the period. Strategic Investment Advisors MI’s holdings in Restaurant Brands International were worth $439,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% in the third 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 in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Restaurant Brands International in the 3rd quarter valued at $61,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Restaurant Brands International by 74.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 567 shares during the period. Blue Trust Inc. lifted its holdings in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 valued at $126,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Oppenheimer dropped their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp decreased their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Finally, CIBC reduced their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $80.96.

Restaurant Brands International Stock Up 0.5 %

Shares of Restaurant Brands International stock opened at $62.40 on Tuesday. The business has a fifty day simple moving average of $66.06 and a 200 day simple moving average of $68.83. The stock has a market cap of $20.24 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12 month low of $59.85 and a 12 month high of $83.29.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.72%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity at Restaurant Brands International

In related news, insider Jill Granat sold 10,613 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the completion of the sale, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the transaction, the chief executive officer now owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 in the last ninety days. Company insiders own 1.36% of the company’s stock.

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.