Korea Investment CORP Has $18.30 Million Holdings in Restaurant Brands International Inc. $QSR

Key Points

• Korea Investment CORP has significantly increased its holdings in Restaurant Brands International by 74.5%, acquiring an additional 117,250 shares and now owning 274,597 shares worth approximately $18.3 million.
• Restaurant Brands International reported earnings of $0.94 per share, falling short of analysts' expectations of $0.97, despite a year-over-year revenue increase of 15.9% to $2.41 billion.
• The company recently announced a quarterly dividend of $0.62 per share, which equates to an annualized yield of 3.9%.

Korea Investment CORP raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 74.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,597 shares of the restaurant operator's stock after acquiring an additional 117,250 shares during the period. Korea Investment CORP owned approximately 0.08% of Restaurant Brands International worth $18,302,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QSR. Barclays PLC boosted its holdings in shares of Restaurant Brands International by 45.2% during the fourth quarter. Barclays PLC now owns 51,320 shares of the restaurant operator's stock worth $3,345,000 after acquiring an additional 15,969 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Restaurant Brands International by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator's stock worth $224,000 after acquiring an additional 226 shares during the period. GeoWealth Management LLC boosted its holdings in shares of Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 163 shares during the period. First Trust Advisors LP boosted its holdings in shares of Restaurant Brands International by 28.1% during the fourth quarter. First Trust Advisors LP now owns 45,797 shares of the restaurant operator's stock worth $2,984,000 after acquiring an additional 10,033 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Restaurant Brands International by 25.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 974,868 shares of the restaurant operator's stock worth $63,541,000 after acquiring an additional 195,340 shares during the period. Institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

QSR has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $78.00 price objective on Restaurant Brands International in a report on Friday, August 8th. Piper Sandler reduced their price target on 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. Argus lowered Restaurant Brands International from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Citigroup lowered their price objective on Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Truist Financial raised 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. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Price Performance

QSR traded down $0.4830 during trading on Friday, hitting $63.3070. 2,915,922 shares of the stock traded hands, compared to its average volume of 2,180,002. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.73 and a beta of 0.58. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The business has a 50 day moving average price of $67.14 and a 200 day moving average price of $66.68.

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 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 firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

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.