Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 6,850,000 shares, a decline of 17.1% from the November 30th total of 8,260,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.2% of the shares of the stock are sold short.
Restaurant Brands International Stock Performance
QSR stock traded down $0.51 during mid-day trading on Monday, hitting $65.03. The company had a trading volume of 419,775 shares, compared to its average volume of 1,603,385. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $21.06 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. Restaurant Brands International has a 12 month low of $64.55 and a 12 month high of $83.29. The stock’s fifty day moving average price is $69.00 and its two-hundred day moving average price is $69.82.
Restaurant Brands International Announces Dividend
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 paid a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.57%. Restaurant Brands International’s payout ratio is 58.15%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Restaurant Brands International
Insider Activity
In other Restaurant Brands International news, insider Jill Granat sold 81,387 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $69.37, for a total value of $5,645,816.19. Following the completion of the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $26,968,211.83. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.36% of the company’s stock.
Hedge Funds Weigh In On Restaurant Brands International
Several institutional investors and hedge funds have recently bought and sold shares of QSR. HB Wealth Management LLC bought a new stake in shares of Restaurant Brands International in the second quarter valued at approximately $208,000. Signaturefd LLC lifted its position in shares of Restaurant Brands International by 21.0% during the second quarter. Signaturefd LLC now owns 7,934 shares of the restaurant operator’s stock worth $558,000 after acquiring an additional 1,379 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Restaurant Brands International during the second quarter worth $666,000. Hantz Financial Services Inc. purchased a new position in shares of Restaurant Brands International in the second quarter valued at $1,287,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Restaurant Brands International by 1.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,401 shares of the restaurant operator’s stock valued at $1,999,000 after purchasing an additional 300 shares during the period. 82.29% of the stock is owned by institutional investors.
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.
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