Short Interest in Restaurant Brands International Inc. (NYSE:QSR) Drops By 17.1%

Restaurant Brands International Inc. (NYSE:QSRGet 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

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. TD Cowen decreased their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. CIBC lowered their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research note on Wednesday, November 6th. Bank of America upped their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Citigroup raised their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

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

(Get Free Report)

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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