BKM Wealth Management LLC Has $607,000 Stock Position in Restaurant Brands International Inc. $QSR

BKM Wealth Management LLC decreased its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,164 shares of the restaurant operator’s stock after selling 228 shares during the period. BKM Wealth Management LLC’s holdings in Restaurant Brands International were worth $607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new position in shares of Restaurant Brands International in the 1st quarter valued at $26,000. Legend Financial Advisors Inc. acquired a new position in shares of Restaurant Brands International in the 2nd quarter valued at $33,000. CX Institutional grew its holdings in shares of Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 464 shares during the period. Private Trust Co. NA grew its holdings in shares of Restaurant Brands International by 96.6% in the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 255 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 0.1%

Restaurant Brands International stock opened at $67.38 on Friday. The firm has a 50-day moving average of $64.77 and a 200-day moving average of $66.31. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.93 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QSR. Bank of America decreased their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a report on Friday, July 18th. Citigroup upped 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. Morgan Stanley reduced their target price on shares of Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating for the company in a research note on Monday, July 14th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Piper Sandler reduced their target price on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $75.21.

About Restaurant Brands International

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.