Nykredit A S Invests $1.81 Million in Restaurant Brands International Inc. $QSR

Key Points

• Nykredit A/S purchased 25,028 shares of Restaurant Brands International in the second quarter, valued at approximately $1.81 million. Institutional investors collectively own 82.29% of QSR’s outstanding stock.
• Restaurant Brands International reported quarterly EPS of $1.07, topping estimates of $1.04, while revenue rose 4.6% year over year to $2.52 billion.
• The company announced a quarterly dividend of $0.65 per share, or $2.60 annually, representing a 3.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $84.00.

Nykredit A S purchased a new stake in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,028 shares of the restaurant operator's stock, valued at approximately $1,815,000.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Restaurant Brands International by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 5,216,985 shares of the restaurant operator's stock valued at $365,279,000 after acquiring an additional 295,935 shares in the last quarter. Fiera Capital Corp increased its position in Restaurant Brands International by 38.2% during the 4th quarter. Fiera Capital Corp now owns 6,835,522 shares of the restaurant operator's stock valued at $466,595,000 after purchasing an additional 1,889,359 shares during the period. Hillsdale Investment Management Inc. increased its position in Restaurant Brands International by 851.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 376,147 shares of the restaurant operator's stock valued at $25,713,000 after purchasing an additional 336,615 shares during the period. Norges Bank bought a new stake in shares of Restaurant Brands International in the 4th quarter valued at about $260,709,000. Finally, Legal & General Group Plc raised its holdings in shares of Restaurant Brands International by 5.1% in the 4th quarter. Legal & General Group Plc now owns 1,693,511 shares of the restaurant operator's stock valued at $115,708,000 after purchasing an additional 81,533 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Trading Up 0.1%

Restaurant Brands International stock opened at $80.22 on Tuesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $27.98 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. The stock has a 50-day moving average of $75.80 and a two-hundred day moving average of $75.12. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating 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%. Restaurant Brands International's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 EPS. On average, research analysts anticipate that Restaurant Brands International Inc. will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.2%. Restaurant Brands International's payout ratio is 69.89%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, July 9th. Morgan Stanley boosted their price objective on shares of Restaurant Brands International from $78.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Scotia dropped their target price on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. Piper Sandler cut their price target on Restaurant Brands International from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Finally, Scotiabank cut their price target on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Restaurant Brands International Company 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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