SL Advisors LLC Sells 172 Shares of Restaurant Brands International Inc. (NYSE:QSR)

SL Advisors LLC reduced its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,242 shares of the restaurant operator’s stock after selling 172 shares during the period. SL Advisors LLC’s holdings in Restaurant Brands International were worth $211,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QSR. First Horizon Advisors Inc. increased its position in Restaurant Brands International by 3.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 160 shares in the last quarter. D.A. Davidson & CO. grew its stake in Restaurant Brands International by 2.2% in the third quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after acquiring an additional 179 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of 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 in the last quarter. Arvest Investments Inc. lifted its holdings in shares of Restaurant Brands International by 1.1% in the 3rd 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QSR. KeyCorp lowered their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Evercore ISI lowered their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Argus lowered their price target on 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, Bank of America lifted 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.92.

Insider Activity

In other Restaurant Brands International news, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares of the company’s stock, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joshua Kobza sold 12,420 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at approximately $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock worth $7,774,020 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR traded down $0.28 during midday trading on Wednesday, reaching $62.86. 500,316 shares of the company traded hands, compared to its average volume of 1,179,120. The firm’s fifty day moving average price is $68.00 and its two-hundred day moving average price is $69.61. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.27 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 Inc. has a 12 month low of $62.19 and a 12 month high of $83.29.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s payout ratio is 58.15%.

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.