Oppenheimer & Co. Inc. Sells 7,414 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Oppenheimer & Co. Inc. trimmed its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,386 shares of the restaurant operator’s stock after selling 7,414 shares during the period. Oppenheimer & Co. Inc.’s holdings in Restaurant Brands International were worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position 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. Crewe Advisors LLC purchased a new position in Restaurant Brands International during the 1st quarter valued at about $48,000. BNP Paribas Financial Markets increased its position in shares of 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. Blue Trust Inc. lifted its holdings in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after buying an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Restaurant Brands International by 67.0% in the third 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 during the period. Institutional investors own 82.29% of the company’s stock.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the sale, the insider now owns 97,479 shares in the company, valued at $6,866,420.76. This represents 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 Trading Up 0.8 %

QSR opened at $68.48 on Friday. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.19 and a beta of 0.94. Restaurant Brands International Inc. has a one year low of $65.87 and a one year high of $83.29. The business has a 50 day simple moving average of $70.12 and a two-hundred day simple moving average of $70.34. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QSR. Bank of America increased their target price on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. KeyCorp decreased their target price 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 target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Evercore ISI decreased their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.37.

About Restaurant Brands International

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.