Restaurant Brands International Inc. $QSR Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Restaurant Brands International by 26.8% during the first quarter, acquiring an additional 11,606 shares, bringing its total holdings to 54,964 shares valued at $3,664,000.
• The company reported $0.94 earnings per share for the last quarter, missing expectations, but achieved a revenue of $2.41 billion, surpassing analyst estimates.
• Restaurant Brands International announced a quarterly dividend of $0.62 per share, representing an annual yield of 3.9% with a dividend payout ratio of 93.94%.

American Century Companies Inc. grew its holdings in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 26.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,964 shares of the restaurant operator's stock after acquiring an additional 11,606 shares during the period. American Century Companies Inc.'s holdings in Restaurant Brands International were worth $3,664,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QSR. First Trust Advisors LP increased its stake in Restaurant Brands International by 28.1% during the 4th quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator's stock worth $2,984,000 after buying an additional 10,033 shares during the period. Tower Research Capital LLC TRC increased its stake in Restaurant Brands International by 207.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the restaurant operator's stock worth $261,000 after buying an additional 2,702 shares during the period. Stifel Financial Corp increased its stake in Restaurant Brands International by 2.9% during the 4th quarter. Stifel Financial Corp now owns 17,536 shares of the restaurant operator's stock worth $1,143,000 after buying an additional 487 shares during the period. Northern Trust Corp increased its stake in Restaurant Brands International by 68.0% during the 4th quarter. Northern Trust Corp now owns 266,880 shares of the restaurant operator's stock worth $17,395,000 after buying an additional 107,997 shares during the period. Finally, Utah Retirement Systems increased its stake in Restaurant Brands International by 2.6% during the 4th quarter. Utah Retirement Systems now owns 35,801 shares of the restaurant operator's stock worth $2,332,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded down $0.53 during midday trading on Thursday, reaching $61.88. 1,065,553 shares of the stock traded hands, compared to its average volume of 2,471,627. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The firm has a fifty day moving average price of $66.63 and a two-hundred day moving average price of $66.52. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.73 and a beta of 0.61. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 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 Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 4.0%. Restaurant Brands International's dividend payout ratio (DPR) is 93.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Oppenheimer boosted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Argus downgraded shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Guggenheim boosted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Restaurant Brands International has a consensus rating of "Hold" and an average target price of $75.04.

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.