Morgan Stanley Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price trimmed by Morgan Stanley from $81.00 to $73.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Several other research firms have also recently weighed in on QSR. Citigroup boosted their price objective 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. Royal Bank of Canada cut their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Oppenheimer decreased their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Finally, KeyCorp decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.08.

Restaurant Brands International Stock Up 1.6 %

QSR opened at $61.52 on Tuesday. Restaurant Brands International has a fifty-two week low of $59.85 and a fifty-two week high of $83.29. The firm has a market capitalization of $19.96 billion, a P/E ratio of 15.42, a PEG ratio of 2.04 and a beta of 0.94. The company’s 50-day moving average is $66.30 and its 200 day moving average is $68.94. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.77%. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,510 shares of company stock worth $7,774,020 over the last three months. 1.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 160 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 179 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Arvest Investments Inc. boosted its holdings in shares of Restaurant Brands International by 1.1% in the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock worth $1,331,000 after buying an additional 197 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Restaurant Brands International by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator’s stock valued at $325,000 after buying an additional 210 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.