Arvest Investments Inc. Purchases 197 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Arvest Investments Inc. grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,450 shares of the restaurant operator’s stock after acquiring an additional 197 shares during the quarter. Arvest Investments Inc.’s holdings in Restaurant Brands International were worth $1,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock worth $89,000 after buying an additional 203 shares during the last quarter. Quantbot Technologies LP bought a new stake in Restaurant Brands International in the first quarter worth $850,000. Forsta AP Fonden lifted its position in Restaurant Brands International by 13.7% in the first quarter. Forsta AP Fonden now owns 69,500 shares of the restaurant operator’s stock worth $5,525,000 after buying an additional 8,400 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Restaurant Brands International by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after buying an additional 7,196 shares during the last quarter. Finally, US Bancorp DE lifted its position in Restaurant Brands International by 2.8% in the first quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator’s stock worth $743,000 after buying an additional 256 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Down 0.9 %

NYSE QSR traded down $0.62 during trading on Friday, hitting $67.99. The company’s stock had a trading volume of 1,387,628 shares, compared to its average volume of 1,374,962. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.71. The company has a market cap of $22.01 billion, a PE ratio of 17.04, a P/E/G ratio of 2.05 and a beta of 0.94. The business’s 50 day simple moving average is $70.19 and its 200-day simple moving average is $70.46. Restaurant Brands International Inc. has a fifty-two week low of $65.87 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 3.35 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Insiders Place Their Bets

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction of $448,565.68. Following the completion of the sale, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction dated 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 directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim increased their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research note on Wednesday. Argus reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, KeyCorp reduced their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.56.

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.