Bank of America Corp DE Has $364.52 Million Stock Holdings in Restaurant Brands International Inc. $QSR

Key Points

• Bank of America increased its Restaurant Brands International stake by 143.9% in the first quarter, holding 4.93 million shares worth approximately $364.5 million, or 1.42% of QSR.
• Analysts remain broadly positive, with 15 Buy ratings and eight Holds producing a consensus “Moderate Buy” rating and an average price target of $83.86.
• Restaurant Brands reported quarterly EPS of $0.86, beating estimates, while revenue rose 7.3% year over year to $2.26 billion. The company also pays a quarterly dividend of $0.65 per share, equivalent to a 3.5% yield.

Bank of America Corp DE boosted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 143.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,932,662 shares of the restaurant operator's stock after purchasing an additional 2,910,454 shares during the quarter. Bank of America Corp DE owned about 1.42% of Restaurant Brands International worth $364,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator's stock valued at $577,000 after purchasing an additional 154 shares during the period. Capital Analysts LLC raised its position in shares of Restaurant Brands International by 20.6% during the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator's stock valued at $63,000 after buying an additional 158 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Restaurant Brands International by 4.1% in the first quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator's stock valued at $322,000 after buying an additional 170 shares during the period. Applied Finance Capital Management LLC lifted its stake in shares of Restaurant Brands International by 1.9% in the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator's stock valued at $644,000 after buying an additional 179 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Restaurant Brands International by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator's stock worth $3,967,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the topic of several research reports. UBS Group boosted their price target on Restaurant Brands International from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the company an "outperform" rating in a research report on Tuesday, July 28th. TD Cowen upped their target price on Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, July 9th. Barclays raised their target price on Restaurant Brands International from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.86.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.05 on Monday. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.16 and a beta of 0.50. The firm's 50-day moving average price is $73.88 and its two-hundred day moving average price is $73.50. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Restaurant Brands International's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International's dividend payout ratio is presently 91.55%.

Restaurant Brands International Profile

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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