Cetera Investment Advisers increased its position in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 63.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,837 shares of the restaurant operator’s stock after acquiring an additional 15,891 shares during the quarter. Cetera Investment Advisers’ holdings in Restaurant Brands International were worth $3,245,000, according to the company’s most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in Restaurant Brands International in the 1st quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $30,000. Montag A & Associates Inc. acquired a new stake in Restaurant Brands International in the 4th quarter valued at about $30,000. Fifth Third Bancorp increased its position in Restaurant Brands International by 209.0% in the 4th quarter. Fifth Third Bancorp now owns 411 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 278 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
Restaurant brands International Price Performance
QSR traded $1.42 lower during midday trading on Friday, reaching $70.51. The company had a trading volume of 1,652,602 shares, compared to its average volume of 1,635,205. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. 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 Inc. has a twelve-month low of $61.77 and a twelve-month high of $83.29. The company’s 50-day moving average is $70.19 and its 200-day moving average is $73.55.
Restaurant Brands International (NYSE:QSR – Free Report) (TSE:QSR) last released its quarterly earnings results on Thursday, August 8. The restaurant operator reported earnings per share 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 expectations of $2.05 billion. Equities analysts forecast that Restaurant Brands International Inc. will post earnings per share of $3.37 for the current fiscal 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 be paid a dividend of $0.58 per share. 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 is 59.79%.
Wall Street analysts comment
A number of equities analysts have issued reports on the stock. TD Securities increased their price target on shares of Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Bank of America increased their price target on shares of Restaurant Brands International from $72.00 to $79.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group began coverage on shares of Restaurant Brands International in a research report on Thursday, June 13th. They issued a “buy” rating and $80.00 price target on the stock. Truist Financial decreased their price target on shares of Restaurant Brands International from $90.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler lowered 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 1. One research analyst has rated the stock with a sell rating, nine have given a hold rating, and nineteen have given a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.48.
Check out our latest research report on Restaurant Brands International
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.
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