Boston Partners Has $4.74 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Boston Partners trimmed its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,569 shares of the restaurant operator’s stock after selling 9,096 shares during the period. Boston Partners’ holdings in Restaurant Brands International were worth $4,742,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new stake in shares of Restaurant Brands International in the first quarter valued at $34,000. RFP Financial Group LLC acquired a new stake in shares of Restaurant Brands International in the second quarter valued at about $39,000. Crewe Advisors LLC acquired a new stake in Restaurant Brands International in the 1st quarter valued at about $43,000. Parallel Advisors LLC boosted its holdings in shares of Restaurant Brands International by 41.0% during the 2nd quarter. Parallel Advisors LLC now owns 554 shares of the restaurant operator’s stock worth $43,000 after buying an additional 161 shares during the period. Finally, BNP Paribas Arbitrage SNC grew its stake in shares of Restaurant Brands International by 35.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 660 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 174 shares in the last quarter.

Restaurant Brands International Stock Down 0.1 %

NYSE QSR opened at $71.04 on Tuesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.15 and a quick ratio of 1.07. Restaurant Brands International Inc. has a 1 year low of $59.99 and a 1 year high of $78.30. The stock has a market capitalization of $22.17 billion, a PE ratio of 24.41, a PEG ratio of 2.69 and a beta of 0.98. The business’s 50-day moving average is $66.81 and its 200 day moving average is $71.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Friday, November 3rd. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Restaurant Brands International had a net margin of 13.22% and a return on equity of 32.72%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.22 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.20 annualized dividend and a dividend yield of 3.10%. Restaurant Brands International’s dividend payout ratio (DPR) is 75.60%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Restaurant Brands International from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. StockNews.com started coverage on shares of Restaurant Brands International in a report on Thursday, October 5th. They issued a “hold” rating for the company. Piper Sandler cut their price objective on shares of Restaurant Brands International from $82.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Evercore ISI upped their price target on Restaurant Brands International from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Royal Bank of Canada upped their target price on Restaurant Brands International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Restaurant Brands International Company Profile

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.