Qsemble Capital Management LP Takes $664,000 Position in Restaurant Brands International Inc. (NYSE:QSR)

Qsemble Capital Management LP bought a new position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,203 shares of the restaurant operator’s stock, valued at approximately $664,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in shares of Restaurant Brands International by 28.7% in the third quarter. Cerity Partners LLC now owns 13,767 shares of the restaurant operator’s stock valued at $993,000 after buying an additional 3,067 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Restaurant Brands International by 7.2% during the third quarter. Citigroup Inc. now owns 183,433 shares of the restaurant operator’s stock valued at $13,251,000 after acquiring an additional 12,287 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Restaurant Brands International by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 707,707 shares of the restaurant operator’s stock valued at $51,122,000 after acquiring an additional 30,035 shares in the last quarter. Intech Investment Management LLC boosted its stake in Restaurant Brands International by 4.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator’s stock worth $685,000 after purchasing an additional 409 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its position in Restaurant Brands International by 10.4% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 610,343 shares of the restaurant operator’s stock worth $44,036,000 after purchasing an additional 57,681 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on QSR shares. JPMorgan Chase & Co. increased their target price on Restaurant Brands International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Oppenheimer lowered their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Evercore ISI cut their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus lowered 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. Finally, Guggenheim increased their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and an average price target of $82.37.

Insider Activity

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This trade represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by company insiders.

Restaurant Brands International Trading Down 0.9 %

Shares of QSR opened at $69.21 on Wednesday. The stock’s 50-day moving average price is $70.23 and its 200 day moving average price is $69.98. 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 firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.24 and a beta of 0.94. Restaurant Brands International Inc. has a 12-month low of $65.87 and a 12-month high of $83.29.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.35%. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Restaurant Brands International 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.