Oppenheimer Asset Management Inc. purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 189,733 shares of the restaurant operator’s stock, valued at approximately $13,758,000.
A number of other institutional investors and hedge funds have also bought and sold shares of QSR. AQR Capital Management LLC bought a new position in Restaurant Brands International during the 1st quarter valued at $237,000. WINTON GROUP Ltd purchased a new position in Restaurant Brands International during the 2nd quarter worth $265,000. State Street Corp grew its stake in shares of Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Sei Investments Co. grew its stake in shares of Restaurant Brands International by 188.7% in the 2nd quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after acquiring an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth $10,019,000. 82.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
QSR has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $85.00 price target on shares of Restaurant Brands International and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Scotia reduced their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Robert W. Baird upped their price objective on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Barclays increased their price objective on shares of Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.70.
Restaurant Brands International Trading Up 1.2%
Shares of Restaurant Brands International stock opened at $77.54 on Friday. The firm has a market cap of $27.08 billion, a PE ratio of 20.84, a P/E/G ratio of 2.08 and a beta of 0.50. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a fifty day moving average price of $74.02 and a 200-day moving average price of $73.86.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts anticipate that Restaurant Brands International Inc. will post 4.03 EPS for the current year.
Restaurant Brands International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.4%. Restaurant Brands International’s payout ratio is currently 69.89%.
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.
Read More
- Five stocks we like better than Restaurant Brands International
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Want to see what other hedge funds are holding QSR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR).
Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.
