Assetmark Inc. Acquires 669 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Assetmark Inc. lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,555 shares of the restaurant operator’s stock after purchasing an additional 669 shares during the quarter. Assetmark Inc.’s holdings in Restaurant Brands International were worth $1,771,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in 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 buying an additional 185 shares in the last quarter. Crewe Advisors LLC purchased a new position in Restaurant Brands International in the first quarter worth $48,000. BNP Paribas Financial Markets increased its stake in Restaurant Brands International by 22.2% in the first quarter. BNP Paribas Financial Markets now owns 1,117 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 203 shares during the last quarter. Blue Trust Inc. raised its position in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 768 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Restaurant Brands International by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Up 0.8 %

Shares of NYSE:QSR opened at $68.48 on Friday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.19 and a beta of 0.94. 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 stock has a 50 day moving average price of $70.12 and a 200-day moving average price of $70.34. Restaurant Brands International Inc. has a 52-week low of $65.87 and a 52-week high of $83.29.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.58 dividend. 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 3.39%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on QSR. Truist Financial reduced their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Evercore ISI decreased their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citigroup increased their target price on shares of Restaurant Brands International from $75.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, CIBC lowered their price target 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $82.37.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’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 value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at $2,551,594.77. This represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $70.44, for a total value of $2,535,840.00. Following the transaction, the insider now owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The trade was a 26.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

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.