FORA Capital LLC Makes New Investment in Restaurant Brands International Inc. (NYSE:QSR)

FORA Capital LLC purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,727 shares of the restaurant operator’s stock, valued at approximately $2,432,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $61,000. Crewe Advisors LLC grew its stake in shares of Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 472 shares during the period. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

QSR opened at $70.18 on Thursday. 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 cap of $22.72 billion, a P/E ratio of 17.59, a PEG ratio of 2.27 and a beta of 0.94. The business has a fifty day moving average of $70.25 and a 200 day moving average of $69.98. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insider Buying and Selling

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. The trade was a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on QSR shares. Piper Sandler cut their target price on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Guggenheim lifted their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. TD Cowen reduced their price objective on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. Finally, Oppenheimer reduced their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.