Swiss National Bank Has $65.70 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Swiss National Bank boosted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 909,030 shares of the restaurant operator’s stock after purchasing an additional 9,100 shares during the quarter. Swiss National Bank owned about 0.28% of Restaurant Brands International worth $65,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its holdings in shares of Restaurant Brands International by 4.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock worth $293,000 after buying an additional 160 shares during the period. Farther Finance Advisors LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 185 shares during the period. Arvest Investments Inc. increased its stake in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after purchasing an additional 197 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Restaurant Brands International by 22.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 203 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Restaurant Brands International by 2.8% during the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $69.45 on Wednesday. Restaurant Brands International Inc. has a 52 week low of $65.87 and a 52 week high of $83.29. The stock has a market capitalization of $22.48 billion, a PE ratio of 17.41, a PEG ratio of 2.20 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s fifty day moving average is $70.21 and its 200-day moving average is $70.14.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research analyst reports. KeyCorp cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada reduced their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their price objective on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Argus cut their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, CIBC decreased their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” 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 issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.37.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction 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 sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $6,866,420.76. The trade was a 26.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

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.