Amundi Buys 20,328 Shares of Restaurant Brands International Inc. $QSR

Key Points

• Amundi increased its holdings in Restaurant Brands International Inc. by 9.7%, owning approximately 0.07% of the company, which is valued at $15.6 million.
• The company declared a quarterly dividend of $0.62 per share, with an annualized yield of 3.9%, to be paid on October 7th.
• Restaurant Brands International's stock is currently rated as a "Hold" by analysts, with a consensus price target of $75.04.

Amundi raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,846 shares of the restaurant operator's stock after acquiring an additional 20,328 shares during the period. Amundi owned about 0.07% of Restaurant Brands International worth $15,588,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock valued at $4,759,000 after acquiring an additional 25,292 shares in the last quarter. Aviso Financial Inc. lifted its stake in Restaurant Brands International by 1.2% during the 1st quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock valued at $63,566,000 after acquiring an additional 11,164 shares in the last quarter. Jump Financial LLC bought a new position in Restaurant Brands International in the 1st quarter valued at $432,000. Private Trust Co. NA increased its position in shares of 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 during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Restaurant Brands International by 90.9% during the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator's stock valued at $37,568,000 after purchasing an additional 268,511 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded down $0.62 during midday trading on Friday, reaching $62.86. The stock had a trading volume of 2,585,407 shares, compared to its average volume of 2,546,632. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09. The firm's 50-day moving average price is $65.96 and its 200 day moving average price is $66.48. The firm has a market capitalization of $20.61 billion, a PE ratio of 23.81, a P/E/G ratio of 2.73 and a beta of 0.61. 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 data 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). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. As a group, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 23rd. Restaurant Brands International's payout ratio is currently 93.94%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QSR. Royal Bank Of Canada decreased their target price on Restaurant Brands International from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Bank of America decreased their target price on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, July 18th. Citigroup decreased their target price on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.04.

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.