SEB Asset Management AB bought a new position in shares of Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) during the first quarter, Holdings Channel.com reports. The firm bought 44,654 shares of the restaurant operator’s stock, valued at approximately $3,294,000.
Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC acquired a new position in Restaurant Brands International during the 1st quarter worth $237,000. WINTON GROUP Ltd acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at $265,000. State Street Corp raised its position in shares of Restaurant Brands International by 9,477.4% during the second 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 during the last quarter. Sei Investments Co. raised its position in shares of Restaurant Brands International by 188.7% during the second 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 during the last quarter. Finally, Treasurer of the State of North Carolina acquired a new position in shares of Restaurant Brands International during the second quarter valued at $10,019,000. 82.29% of the stock is owned by institutional investors.
Restaurant Brands International Price Performance
Shares of QSR stock opened at $72.41 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 12-month low of $61.33 and a 12-month high of $81.96. The firm has a fifty day moving average of $74.07 and a 200-day moving average of $73.24. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.14 and a beta of 0.50.
Restaurant Brands International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were given 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 dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 91.55%.
Analysts Set New Price Targets
Several research firms recently issued reports on QSR. JPMorgan Chase & Co. raised their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company boosted their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. UBS Group upped their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 4th. TD Cowen lifted their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley upped their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.14.
Check Out Our Latest Report on QSR
About Restaurant Brands International
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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