Restaurant Brands International (NYSE:QSR) Reaches New 1-Year Low – Here’s Why

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $64.46 and last traded at $64.52, with a volume of 516103 shares traded. The stock had previously closed at $64.94.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. Stifel Nicolaus cut their target price on 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. Evercore ISI cut their price objective on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer reduced their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Citigroup upped their price objective on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Restaurant Brands International Price Performance

The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 2.27 and a beta of 0.94. The company’s 50 day moving average is $68.00 and its 200 day moving average is $69.61. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.71%. Restaurant Brands International’s payout ratio is presently 58.15%.

Insider Activity

In related news, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now owns 32,937 shares in the company, valued at approximately $2,114,555.40. This trade represents a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Granat sold 81,387 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were 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 directly owns 388,759 shares of the company’s stock, valued at approximately $26,968,211.83. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,510 shares of company stock worth $7,774,020. Corporate insiders own 1.36% of the company’s stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently made changes to their positions in QSR. Geode Capital Management LLC lifted its stake in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Restaurant Brands International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 650,486 shares of the restaurant operator’s stock worth $45,772,000 after buying an additional 10,855 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Restaurant Brands International by 112.1% during the 3rd quarter. Wellington Management Group LLP now owns 17,965 shares of the restaurant operator’s stock worth $1,298,000 after buying an additional 9,496 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Restaurant Brands International by 36.4% in the second quarter. Public Sector Pension Investment Board now owns 600,000 shares of the restaurant operator’s stock valued at $42,270,000 after buying an additional 160,000 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Restaurant Brands International in the third quarter valued at about $257,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.