Avanza Fonder AB Invests $1.30 Million in Restaurant Brands International Inc. (NYSE:QSR)

Avanza Fonder AB purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 19,926 shares of the restaurant operator’s stock, valued at approximately $1,299,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Restaurant Brands International by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock valued at $45,772,000 after buying an additional 10,855 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Restaurant Brands International by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,264 shares of the restaurant operator’s stock worth $793,000 after purchasing an additional 395 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Restaurant Brands International by 13.3% during the second quarter. AE Wealth Management LLC now owns 8,193 shares of the restaurant operator’s stock worth $577,000 after purchasing an additional 960 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock worth $403,398,000 after purchasing an additional 773,783 shares in the last quarter. Finally, D1 Capital Partners L.P. purchased a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $200,097,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares of the company’s stock, valued at $45,161,169. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,510 shares of company stock worth $7,774,020 in the last quarter. 1.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup lifted their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. CIBC cut 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 report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Bank of America lifted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company decreased their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.46.

Restaurant Brands International Stock Up 0.0 %

Shares of NYSE:QSR opened at $60.48 on Monday. The company has a 50 day moving average of $66.73 and a two-hundred day moving average of $69.13. Restaurant Brands International Inc. has a 52-week low of $60.03 and a 52-week high of $83.29. 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 company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Restaurant Brands International Company Profile

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.