Cetera Advisors LLC increased its stake in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 15.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,953 shares of the restaurant operator’s stock after purchasing an additional 1,309 shares during the period. Cetera Advisors LLC’s holdings in Restaurant Brands International were worth $791,000, according to its most recent filing with the SEC.
A number of other major investors have also made changes to their positions in the stock. Capital World Investors increased its position in shares of Restaurant Brands International by 1.1% in the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after buying an additional 466,929 shares in the last quarter. Capital Research Global Investors increased its position in Restaurant Brands International by 19.8% in the fourth quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after buying an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. increased its position in Restaurant Brands International by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock worth $965,049,000 after buying an additional 141,468 shares in the last quarter. 1832 Asset Management LP increased its position in Restaurant Brands International by 6.2% in the first quarter. 1832 Asset Management LP now owns 4,958,748 shares of the restaurant operator’s stock worth $393,973,000 after buying an additional 290,604 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in Restaurant Brands International by 41.0% in the first quarter. TD Asset Management Inc. now owns 4,847,985 shares of the restaurant operator’s stock worth $385,361,000 after buying an additional 1,409,552 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s shares.
Wall Street analysts comment
Several research analysts have recently issued reports on QSR shares. Barclays increased their price target on shares of Restaurant Brands International from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Citigroup increased their price target on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial decreased their price target on shares of Restaurant Brands International from $90.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Piper Sandler decreased their price target on shares of Restaurant Brands International from $84.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Loop Capital raised their price target on shares of Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.48.
Read our latest stock report on Restaurant Brands International
Restaurant brands International Price Performance
QSR opened at $70.51 on Friday. The company has a 50 day moving average price of $70.19 and a 200 day moving average price of $73.54. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29. The company has a market cap of $22.34 billion, a P/E ratio of 18.17, a PEG ratio of 2.06 and a beta of 0.92.
Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8. The restaurant operator reported earnings per share (EPS) of $0.86 for the quarter, beating the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Overall, analysts expect Restaurant Brands International Inc. to report earnings per share of $3.37 for the current year.
Restaurant Brands International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will receive a dividend of $0.58. This represents an annualized dividend of $2.32 and a dividend yield of 3.29%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is 59.79%.
Profile of Restaurant Brands International
(Free report)
Restaurant Brands International Inc. is 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 operates the TH chain of doughnut/coffee/tea restaurants that offer coffee blends, tea and hot and cold espresso-based specialty beverages, as well as fresh baked goods, including doughnuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups and other food items.
Selected articles
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