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Epoch Investment Partners Inc. Lowers Position in Restaurant Brands International Inc. $QSR

Restaurant Brands International logo with Retail/Wholesale background

Key Points

  • Epoch Investment Partners Inc. has decreased its stake in Restaurant Brands International Inc. by 3.9%, owning approximately 970,718 shares valued at $64.7 million following the sale of 39,159 shares.
  • Analysts have lowered their price targets for Restaurant Brands International, with Morgan Stanley reducing its target from $73.00 to $72.00 and Barclays lowering it from $80.00 to $78.00.
  • Restaurant Brands International recently announced a quarterly dividend of $0.62 per share, representing an annual yield of 4.0% and a high dividend payout ratio of 93.94%.
  • Want stock alerts on Restaurant Brands International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Epoch Investment Partners Inc. reduced its stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 970,718 shares of the restaurant operator's stock after selling 39,159 shares during the period. Epoch Investment Partners Inc. owned approximately 0.30% of Restaurant Brands International worth $64,689,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in shares of Restaurant Brands International by 55.5% during the first 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 during the last quarter. Aviso Financial Inc. boosted its position in shares of Restaurant Brands International by 1.2% during the 1st quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator's stock worth $63,566,000 after purchasing an additional 11,164 shares during the period. Private Trust Co. NA increased its holdings in Restaurant Brands International by 96.6% in 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. Canoe Financial LP raised its position in Restaurant Brands International by 14.4% in the first quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock valued at $153,834,000 after purchasing an additional 291,269 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Restaurant Brands International by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator's stock worth $392,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research reports. Morgan Stanley dropped their price objective on Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Barclays dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. UBS Group lowered their price objective on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $75.04.

Read Our Latest Stock Analysis on Restaurant Brands International

Restaurant Brands International Stock Up 0.1%

Shares of NYSE:QSR opened at $62.77 on Wednesday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $74.09. The firm's 50 day moving average price is $66.97 and its 200 day moving average price is $66.66. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58.

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 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 analysts' expectations of $2.33 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be paid a $0.62 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 4.0%. Restaurant Brands International's dividend payout ratio (DPR) is currently 93.94%.

Restaurant Brands International Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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