Restaurant Brands International (NYSE:QSR) Sees Strong Trading Volume – Should You Buy?

Shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) saw unusually-strong trading volume on Wednesday . Approximately 2,616,733 shares were traded during trading, an increase of 63% from the previous session’s volume of 1,606,659 shares.The stock last traded at $67.40 and had previously closed at $67.48.

Wall Street Analysts Forecast Growth

QSR has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. 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. Guggenheim lifted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Bank of America lifted their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reduced their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.27.

Restaurant Brands International Trading Down 2.3 %

The stock has a 50 day moving average of $69.82 and a 200 day moving average of $70.02. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $21.35 billion, a P/E ratio of 16.53, a PEG ratio of 2.27 and a beta of 0.93.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given 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 3.52%. Restaurant Brands International’s payout ratio is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jill Granat sold 81,387 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 388,759 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in QSR. D1 Capital Partners L.P. purchased a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $200,097,000. National Bank of Canada FI grew its holdings in shares of Restaurant Brands International by 68.6% during the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the period. Holocene Advisors LP bought a new position in shares of Restaurant Brands International in the 3rd quarter worth approximately $89,790,000. Point72 Asset Management L.P. grew its stake in Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Restaurant Brands International by 31.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock worth $245,881,000 after purchasing an additional 835,000 shares in the last quarter. Institutional investors 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.