DORCHESTER WEALTH MANAGEMENT Co trimmed its position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,057 shares of the restaurant operator’s stock after selling 295 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Restaurant Brands International were worth $360,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Coastal Capital Group Inc. bought a new stake in shares of Restaurant Brands International in the second quarter worth about $28,000. Coastal Investment Advisors Inc. bought a new stake in shares of Restaurant Brands International in the second quarter worth about $31,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Restaurant Brands International in the second quarter worth about $36,000. Contravisory Investment Management Inc. bought a new stake in shares of Restaurant Brands International in the third quarter worth about $53,000. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Restaurant Brands International by 185.2% in the third quarter. Valeo Financial Advisors LLC now owns 770 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 500 shares during the last quarter. 77.66% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Oppenheimer boosted their price objective on Restaurant Brands International from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Barclays set a $86.00 price objective on Restaurant Brands International and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stephens boosted their price objective on Restaurant Brands International from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. ValuEngine cut Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, UBS Group reissued a “buy” rating and set a $79.00 price objective (up from $74.00) on shares of Restaurant Brands International in a research note on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Restaurant Brands International has a consensus rating of “Buy” and an average target price of $78.74.
QSR opened at $69.12 on Friday. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.71 and a beta of 1.22. The stock’s 50 day moving average price is $72.74 and its 200-day moving average price is $70.52. Restaurant Brands International Inc has a one year low of $50.20 and a one year high of $79.46. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.14 and a current ratio of 1.20.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Friday, August 2nd. The restaurant operator reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Restaurant Brands International had a return on equity of 30.53% and a net margin of 10.57%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, analysts predict that Restaurant Brands International Inc will post 2.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.89%. Restaurant Brands International’s dividend payout ratio is 76.05%.
About Restaurant Brands International
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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