Rockefeller Capital Management L.P. Raises Stock Position in Restaurant Brands International Inc. (NYSE:QSR)

Rockefeller Capital Management L.P. grew its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 232,216 shares of the restaurant operator’s stock after acquiring an additional 18,032 shares during the period. Rockefeller Capital Management L.P.’s holdings in Restaurant Brands International were worth $16,748,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Restaurant Brands International by 79.4% in the 3rd 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. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $61,000. Crewe Advisors LLC grew its holdings in Restaurant Brands International by 78.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 472 shares in the last quarter. Blue Trust Inc. grew its holdings in Restaurant Brands International by 123.9% during the 3rd 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 in the last quarter. Finally, GAMMA Investing LLC grew 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 purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total transaction of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.36% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Evercore ISI lowered their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citigroup raised their price target on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler lowered their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Restaurant Brands International Trading Down 0.8 %

Shares of NYSE:QSR opened at $69.61 on Monday. The company has a market cap of $22.53 billion, a PE ratio of 17.45, a P/E/G ratio of 2.26 and a beta of 0.94. The company’s 50-day moving average price is $70.22 and its 200 day moving average price is $69.94. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29. 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 company also recently disclosed 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 is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.33%. Restaurant Brands International’s dividend payout ratio is presently 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.