Gratus Wealth Advisors LLC purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,578 shares of the restaurant operator’s stock, valued at approximately $560,000.
A number of other institutional investors also recently made changes to their positions in the stock. Capital World Investors lifted its position in shares of Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 11.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock valued at $1,135,844,000 after acquiring an additional 1,741,795 shares during the last quarter. Vanguard Group Inc. increased its position in Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares in the last quarter. Morgan Stanley increased its position in Restaurant Brands International by 24.2% during the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock worth $575,119,000 after purchasing an additional 1,641,870 shares in the last quarter. Finally, Baupost Group LLC MA raised its stake in Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Guggenheim raised their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lowered their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Finally, UBS Group boosted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.33.
Restaurant Brands International Trading Up 0.0%
NYSE QSR opened at $75.27 on Monday. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The company has a 50-day moving average of $74.82 and a 200-day moving average of $72.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The company has a market cap of $26.34 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.95 and a beta of 0.50.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted $0.75 EPS. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current year.
Restaurant Brands International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 91.55%.
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.
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