Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Restaurant Brands International Inc. (NYSE:QSR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,789 shares of the restaurant operator’s stock after purchasing an additional 3,167 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Restaurant Brands International were worth $9,954,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in 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 in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the 3rd quarter worth about $61,000. Crewe Advisors LLC boosted its position in shares of Restaurant Brands International by 78.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after buying an additional 472 shares in the last quarter. Blue Trust Inc. grew its stake in 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 acquiring an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in 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. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s 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 in the company, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by insiders.

Restaurant Brands International Trading Down 0.8 %

Shares of QSR stock opened at $69.61 on Monday. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. The firm’s 50 day moving average price is $70.22 and its two-hundred day moving average price is $69.94. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.26 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 Announces Dividend

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 dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.33%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Argus lowered 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. Guggenheim increased their target price on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Stifel Nicolaus cut their price target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada cut their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.27.

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.