Cary Street Partners Investment Advisory LLC raised its holdings in Restaurant Brands International Inc. (NYSE:QSR – Free Report) (TSE:QSR) by 23.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,299 shares of the restaurant operator’s stock after acquiring an additional 633 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Restaurant Brands International were worth $256,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Restaurant Brands International by 1.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 110,701 shares of the restaurant operator’s stock valued at $8,591,000 after purchasing an additional 1,654 shares during the last quarter. Clarius Group LLC acquired a new stake in shares of Restaurant Brands International in the second quarter worth about $240,000. Private Advisor Group LLC boosted its stake in shares of Restaurant Brands International by 188.4% during the 2nd quarter. Private Advisor Group LLC now owns 11,736 shares of the restaurant operator’s stock worth $905,000 after acquiring an additional 7,667 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Restaurant Brands International by 22.1% during the 2nd quarter. Cetera Advisors LLC now owns 4,368 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 791 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in shares of Restaurant Brands International by 7.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 3,766 shares of the restaurant operator’s stock valued at $292,000 after acquiring an additional 248 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have commented on QSR shares. Royal Bank of Canada increased their price target on Restaurant Brands International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Barclays cut their target price on shares of Restaurant Brands International from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, October 23rd. JPMorgan Chase & Co. raised their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Morgan Stanley cut their price objective on Restaurant Brands International from $78.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Finally, Jefferies Financial Group raised their target price on Restaurant Brands International from $73.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $78.50.
Restaurant Brands International Stock Down 0.1 %
Shares of NYSE:QSR opened at $71.04 on Tuesday. The company’s fifty day moving average is $66.81 and its 200-day moving average is $71.22. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.07 and a current ratio of 1.15. Restaurant Brands International Inc. has a 52 week low of $59.99 and a 52 week high of $78.30. The company has a market capitalization of $22.17 billion, a PE ratio of 24.41, a P/E/G ratio of 2.69 and a beta of 0.98.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last issued its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Restaurant Brands International had a net margin of 13.22% and a return on equity of 32.72%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Restaurant Brands International Inc. will post 3.22 earnings per share for the current fiscal year.
Restaurant Brands International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 21st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 75.60%.
Restaurant Brands International 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.
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