10,250 Shares in Restaurant Brands International Inc. $QSR Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,250 shares of the restaurant operator’s stock, valued at approximately $657,000.

Other large investors have also bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Restaurant Brands International in the 1st quarter worth approximately $16,093,000. Public Sector Pension Investment Board lifted its stake in Restaurant Brands International by 1.0% during the first quarter. Public Sector Pension Investment Board now owns 31,345 shares of the restaurant operator’s stock worth $2,089,000 after purchasing an additional 300 shares during the last quarter. American Century Companies Inc. grew its position in Restaurant Brands International by 26.8% during the 1st quarter. American Century Companies Inc. now owns 54,964 shares of the restaurant operator’s stock worth $3,664,000 after acquiring an additional 11,606 shares during the last quarter. Cresset Asset Management LLC raised its position in Restaurant Brands International by 15.6% during the 1st quarter. Cresset Asset Management LLC now owns 5,040 shares of the restaurant operator’s stock valued at $339,000 after purchasing an additional 682 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Restaurant Brands International by 90.9% in the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock valued at $37,568,000 after purchasing an additional 268,511 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Jill Granat sold 5,315 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $376,674.05. Following the sale, the insider directly owned 460,626 shares of the company’s stock, valued at $32,644,564.62. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sami A. Siddiqui sold 10,913 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $773,404.31. Following the completion of the transaction, the chief financial officer owned 10,609 shares of the company’s stock, valued at approximately $751,859.83. This trade represents a 50.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 131,807 shares of company stock worth $9,308,973. Corporate insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QSR. Robert W. Baird raised their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, December 2nd. Scotiabank lifted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Finally, Northcoast Research downgraded shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.45.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $70.12 on Thursday. The stock has a market capitalization of $22.99 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 2.80 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The stock has a fifty day simple moving average of $69.05 and a two-hundred day simple moving average of $67.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. On average, analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s payout ratio is currently 88.26%.

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.