NewEdge Advisors LLC Raises Stock Holdings in Restaurant Brands International Inc. $QSR

Key Points

• NewEdge Advisors significantly increased its QSR position by 1,440.5% in the second quarter, adding 88,246 shares to own 94,372 shares valued at approximately $6.84 million. Institutional investors collectively own 82.29% of Restaurant Brands International.
• Restaurant Brands International reported quarterly EPS of $1.07, beating estimates by $0.03, while revenue reached $2.52 billion, up 4.6% year over year. The company also declared a quarterly dividend of $0.65 per share, representing a 3.4% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $84, compared with the stock’s reported opening price of $77.07.

NewEdge Advisors LLC lifted its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1,440.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,372 shares of the restaurant operator's stock after buying an additional 88,246 shares during the period. NewEdge Advisors LLC's holdings in Restaurant Brands International were worth $6,843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QSR. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its stake in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Restaurant Brands International during the second quarter valued at about $27,000. Western Wealth Management LLC acquired a new position in shares of Restaurant Brands International during the first quarter valued at about $28,000. Finally, CoreCap Advisors LLC raised its position in shares of Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Buying and Selling

In other news, insider Axel Schwan sold 57,574 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.14, for a total value of $4,671,554.36. Following the transaction, the insider owned 209,908 shares of the company's stock, valued at $17,031,935.12. This represents a 21.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by corporate insiders.

Restaurant Brands International Stock Up 0.1%

NYSE QSR opened at $77.07 on Monday. The company has a market cap of $26.88 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.15 and a beta of 0.51. Restaurant Brands International Inc. has a one year low of $62.78 and a one year high of $81.96. The business has a fifty day moving average price of $76.11 and a 200 day moving average price of $75.37. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. Research analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.4%. Restaurant Brands International's dividend payout ratio (DPR) is 69.89%.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $85.00 price target on shares of Restaurant Brands International and gave the company an "outperform" rating in a research note on Tuesday, July 28th. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Evercore reissued an "outperform" rating and set a $88.00 price objective on shares of Restaurant Brands International in a report on Friday, August 7th. Morgan Stanley upped their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th. Finally, Robert W. Baird raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Monday, August 24th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.00.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.

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