3,266 Shares in Restaurant Brands International Inc. $QSR Purchased by Savant Capital LLC

Savant Capital LLC acquired a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,266 shares of the restaurant operator’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Legend Financial Advisors Inc. purchased a new position in shares of Restaurant Brands International during the 2nd quarter valued at approximately $33,000. CX Institutional raised its position in Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. UMB Bank n.a. grew its position in shares of Restaurant Brands International by 49.3% in the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of Restaurant Brands International during the first quarter worth about $56,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $67.81 on Thursday. The business’s 50 day moving average price is $66.62 and its 200 day moving average price is $67.07. The company has a market cap of $22.23 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.04 and a beta of 0.63. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $72.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QSR. Piper Sandler decreased their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Northcoast Research cut Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Scotiabank increased their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, Robert W. Baird lifted their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.76.

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.