EP Wealth Advisors LLC Buys Shares of 2,850 Restaurant Brands International Inc. (NYSE:QSR)

EP Wealth Advisors LLC purchased a new stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) in the 3rd quarter, HoldingsChannel reports. The fund purchased 2,850 shares of the restaurant operator’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 4.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after acquiring an additional 536,124 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. Mackenzie Financial Corp lifted its holdings in shares of Restaurant Brands International by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock valued at $390,678,000 after purchasing an additional 518,795 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Restaurant Brands International by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,144,430 shares of the restaurant operator’s stock worth $291,615,000 after purchasing an additional 169,458 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after buying an additional 227,203 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Price Performance

NYSE:QSR opened at $68.28 on Friday. 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 Inc. has a 52 week low of $65.87 and a 52 week high of $83.29. The stock’s 50-day moving average price is $69.91 and its 200-day moving average price is $70.00. The stock has a market capitalization of $22.10 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 58.15%.

Insider Activity

In other news, insider Jill Granat sold 81,387 shares of Restaurant Brands International 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 sale, the insider now owns 388,759 shares in the company, valued at $26,968,211.83. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Oppenheimer decreased their price target on Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. KeyCorp decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, November 14th. TD Cowen cut their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $82.27.

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.