14,275 Shares in Restaurant Brands International Inc. $QSR Acquired by 111 Capital

Key Points

• 111 Capital acquired 14,275 shares of Restaurant Brands International Inc. for approximately $948,000 in the second quarter, signaling renewed interest from institutional investors.
• Restaurant Brands International announced a dividend of $0.62 per share to be paid on October 7th, representing an annual yield of 3.6% and a high payout ratio of 93.94%.
• Analyst ratings for QSR are mixed, with an average rating of "Hold" and a consensus target price of $75.04, reflecting varying expectations for the company's growth.

111 Capital acquired a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,275 shares of the restaurant operator's stock, valued at approximately $948,000.

Several other large investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. raised its stake in shares of Restaurant Brands International by 2.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator's stock worth $460,000 after acquiring an additional 151 shares in the last quarter. UMB Bank n.a. increased its stake in Restaurant Brands International by 49.3% during the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator's stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 23.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,227 shares of the restaurant operator's stock valued at $81,000 after purchasing an additional 235 shares in the last quarter. Private Trust Co. NA increased its stake in Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 255 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Monday, July 14th. Truist Financial upped their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays cut their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Northcoast Research lowered shares of Restaurant Brands International from a "buy" rating to a "neutral" rating in a research note on Friday, September 12th. Finally, Royal Bank Of Canada cut their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $75.04.

Restaurant Brands International Stock Up 1.2%

QSR stock opened at $68.51 on Friday. The firm's fifty day simple moving average is $64.81 and its 200-day simple moving average is $66.27. The company has a market capitalization of $22.46 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.03). The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. As a group, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.6%. Restaurant Brands International's dividend payout ratio is 93.94%.

About Restaurant Brands International

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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