Moloney Securities Asset Management LLC Lowers Holdings in Restaurant Brands International Inc. $QSR

Moloney Securities Asset Management LLC trimmed its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 41.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,746 shares of the restaurant operator’s stock after selling 9,728 shares during the period. Moloney Securities Asset Management LLC’s holdings in Restaurant Brands International were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in shares of Restaurant Brands International during the 1st quarter valued at approximately $237,000. Maryland State Retirement & Pension System acquired a new stake in Restaurant Brands International during the second quarter valued at $1,042,000. Louisbourg Investments Inc. increased its holdings in Restaurant Brands International by 11.2% in the second quarter. Louisbourg Investments Inc. now owns 74,109 shares of the restaurant operator’s stock valued at $4,907,000 after buying an additional 7,440 shares in the last quarter. Lincluden Management Ltd. increased its holdings in Restaurant Brands International by 81.3% in the second quarter. Lincluden Management Ltd. now owns 462,958 shares of the restaurant operator’s stock valued at $30,682,000 after buying an additional 207,618 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Restaurant Brands International by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,330 shares of the restaurant operator’s stock worth $685,000 after acquiring an additional 239 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Stock Performance

Shares of NYSE:QSR opened at $70.98 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The firm has a market capitalization of $24.58 billion, a PE ratio of 25.26, a P/E/G ratio of 2.57 and a beta of 0.58. The business’s 50 day moving average price is $69.30 and its 200-day moving average price is $67.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on QSR shares. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Sanford C. Bernstein reissued an “overweight” rating and issued a $86.00 price objective on shares of Restaurant Brands International in a report on Wednesday, January 7th. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a research note on Tuesday, October 21st. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, December 2nd. Finally, Robert W. Baird boosted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.95.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Peter Perdue sold 396 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total value of $26,706.24. Following the completion of the sale, the insider owned 36,997 shares in the company, valued at approximately $2,495,077.68. This represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Granat sold 1,925 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $129,822.00. Following the transaction, the insider owned 458,280 shares in the company, valued at approximately $30,906,403.20. This represents a 0.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 145,508 shares of company stock worth $10,233,040 in the last 90 days. 1.25% of the stock is owned by insiders.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.