Stock Traders Purchase High Volume of Put Options on Restaurant Brands International (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) saw some unusual options trading activity on Tuesday. Investors bought 2,410 put options on the stock. This represents an increase of 51% compared to the typical daily volume of 1,592 put options.

Restaurant Brands International Trading Up 0.6 %

Shares of QSR traded up $0.44 during mid-day trading on Tuesday, hitting $70.16. The company had a trading volume of 161,393 shares, compared to its average volume of 1,574,652. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market cap of $22.71 billion, a PE ratio of 17.47, a P/E/G ratio of 2.26 and a beta of 0.93. Restaurant Brands International has a 1-year low of $65.87 and a 1-year high of $83.29. The business’s 50-day simple moving average is $70.20 and its 200-day simple moving average is $69.93.

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 given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently modified their holdings of QSR. Wilmington Savings Fund Society FSB purchased a new position in Restaurant Brands International in the 3rd quarter valued at about $378,000. Arvest Bank Trust Division acquired a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $12,053,000. Toronto Dominion Bank raised its stake in Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock worth $62,327,000 after acquiring an additional 4,702 shares during the period. Geode Capital Management LLC lifted its holdings in Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after acquiring an additional 126,600 shares during the last quarter. Finally, Vestcor Inc acquired a new position in Restaurant Brands International in the third quarter valued at approximately $1,103,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on QSR shares. Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Argus lowered their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Citigroup raised their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, CIBC decreased their target price on shares of 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 analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.