Savoir Faire Capital Management L.P. Decreases Stake in Restaurant Brands International Inc. (NYSE:QSR)

Savoir Faire Capital Management L.P. lowered its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,744 shares of the restaurant operator’s stock after selling 3,256 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Restaurant Brands International were worth $2,289,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Restaurant Brands International during the first quarter valued at $48,000. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the third quarter valued at $61,000. BNP Paribas Financial Markets grew its position in Restaurant Brands International by 22.2% during the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 203 shares during the period. Finally, Blue Trust Inc. grew its position in Restaurant Brands International by 123.9% during the third 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 during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of several analyst reports. Argus dropped their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler dropped their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $82.37.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 14.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. The trade was a 26.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Up 2.1 %

QSR stock opened at $68.93 on Tuesday. The company has a fifty day moving average price of $70.15 and a 200 day moving average price of $70.18. Restaurant Brands International Inc. has a 12 month low of $65.87 and a 12 month high of $83.29. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.37%. Restaurant Brands International’s dividend payout ratio (DPR) is 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.