15,725 Shares in Restaurant Brands International Inc. $QSR Acquired by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System acquired 15,725 shares of Restaurant Brands International Inc. (NYSE:QSR), valued at approximately $1,042,000, during the second quarter.
• Restaurant Brands International reported a net margin of 9.43% and a revenue of $2.41 billion for the previous quarter, indicating a 15.9% year-over-year growth.
• The company declared a quarterly dividend of $0.62 with a dividend yield of 3.7%, while its payout ratio is reported at 93.94%.

Maryland State Retirement & Pension System purchased a new position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,725 shares of the restaurant operator's stock, valued at approximately $1,042,000.

Several other large investors have also recently made changes to their positions in the company. Hardy Reed LLC purchased a new stake in shares of Restaurant Brands International during the second quarter worth approximately $267,000. 111 Capital purchased a new stake in shares of Restaurant Brands International during the second quarter worth approximately $948,000. Raleigh Capital Management Inc. increased its position in shares of Restaurant Brands International by 2.2% during the second quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator's stock worth $460,000 after purchasing an additional 151 shares in the last quarter. HB Wealth Management LLC boosted its stake in Restaurant Brands International by 22.4% during the second quarter. HB Wealth Management LLC now owns 9,657 shares of the restaurant operator's stock worth $640,000 after buying an additional 1,770 shares during the last quarter. Finally, Consolidated Capital Management LLC boosted its stake in Restaurant Brands International by 3.7% during the second quarter. Consolidated Capital Management LLC now owns 73,162 shares of the restaurant operator's stock worth $4,850,000 after buying an additional 2,592 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $66.83 on Monday. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $74.09. The business's fifty day simple moving average is $64.70 and its 200-day simple moving average is $66.26. The firm has a market cap of $21.91 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.88 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69.

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

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 23rd. Restaurant Brands International's dividend payout ratio is 93.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Scotiabank boosted their price objective on Restaurant Brands International from $71.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 8th. Guggenheim boosted their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Truist Financial boosted their price objective on Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $75.13.

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.

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