Restaurant Brands International Inc. (NYSE:QSR) Shares Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,039 shares of the restaurant operator’s stock after purchasing an additional 343 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Restaurant Brands International were worth $459,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Restaurant Brands International by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after purchasing an additional 10,855 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Restaurant Brands International by 191.8% in the second quarter. APG Asset Management N.V. now owns 38,034 shares of the restaurant operator’s stock worth $2,499,000 after buying an additional 25,000 shares during the period. Creative Planning boosted its position in shares of Restaurant Brands International by 1.2% in the second quarter. Creative Planning now owns 62,040 shares of the restaurant operator’s stock worth $4,366,000 after buying an additional 759 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Restaurant Brands International by 37.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 52,637 shares of the restaurant operator’s stock valued at $3,704,000 after buying an additional 14,296 shares in the last quarter. Finally, Chase Investment Counsel Corp grew its position in Restaurant Brands International by 7.9% in the second quarter. Chase Investment Counsel Corp now owns 5,439 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer dropped their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI reduced their price target 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. Bank of America upped their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company cut their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup upped their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.96.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of Restaurant Brands International stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the transaction, the chief financial officer now owns 27,266 shares in the company, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,510 shares of company stock valued at $7,774,020. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR opened at $62.40 on Tuesday. The business’s 50-day moving average is $66.06 and its 200-day moving average is $68.83. 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 company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 2.04 and a beta of 0.94. Restaurant Brands International Inc. has a fifty-two week low of $59.85 and a fifty-two week high of $83.29.

Restaurant Brands International Dividend Announcement

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

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.