New York State Common Retirement Fund Acquires 66,600 Shares of Restaurant Brands International Inc. $QSR

New York State Common Retirement Fund grew its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 51.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,100 shares of the restaurant operator’s stock after acquiring an additional 66,600 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Restaurant Brands International worth $12,578,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in shares of Restaurant Brands International during the 1st quarter valued at $237,000. Hardy Reed LLC bought a new position in shares of Restaurant Brands International during the second quarter valued at about $267,000. Maryland State Retirement & Pension System purchased a new position in shares of Restaurant Brands International in the second quarter worth about $1,042,000. Baskin Financial Services Inc. increased its holdings in shares of Restaurant Brands International by 1.3% in the second quarter. Baskin Financial Services Inc. now owns 346,623 shares of the restaurant operator’s stock worth $22,990,000 after buying an additional 4,424 shares during the period. Finally, Louisbourg Investments Inc. lifted its stake in shares of Restaurant Brands International by 11.2% in the 2nd quarter. Louisbourg Investments Inc. now owns 74,109 shares of the restaurant operator’s stock valued at $4,907,000 after acquiring an additional 7,440 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.1%

Shares of Restaurant Brands International stock opened at $66.96 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $73.70. The company has a market cap of $23.19 billion, a P/E ratio of 23.83, a PEG ratio of 2.43 and a beta of 0.58. The company’s fifty day simple moving average is $69.54 and its two-hundred day simple moving average is $67.45.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein restated an “overweight” rating and set a $86.00 price target on shares of Restaurant Brands International in a research report on Wednesday, January 7th. Morgan Stanley set a $77.00 price objective on Restaurant Brands International in a research note on Tuesday, October 21st. Citigroup lifted their target price on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Restaurant Brands International in a research report on Tuesday, December 9th. Finally, Barclays boosted their price objective on shares of Restaurant Brands International from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.05.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, CEO Joshua Kobza sold 25,472 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.91, for a total transaction of $1,806,219.52. Following the transaction, the chief executive officer owned 961,282 shares in the company, valued at approximately $68,164,506.62. This represents a 2.58% 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, Chairman J Patrick Doyle sold 43,597 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $69.80, for a total value of $3,043,070.60. Following the completion of the transaction, the chairman owned 193,855 shares of the company’s stock, valued at approximately $13,531,079. The trade was a 18.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 145,508 shares of company stock valued at $10,233,040 over the last three months. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International 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.