Swiss National Bank lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 875,330 shares of the restaurant operator's stock after selling 17,300 shares during the period. Swiss National Bank owned about 0.27% of Restaurant Brands International worth $58,394,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QSR. Allspring Global Investments Holdings LLC lifted its position in shares of Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator's stock worth $4,759,000 after buying an additional 25,292 shares during the last quarter. Baupost Group LLC MA lifted its position in shares of Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after buying an additional 2,873,406 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after buying an additional 255 shares during the last quarter. Canoe Financial LP lifted its position in shares of Restaurant Brands International by 14.4% during the 1st quarter. Canoe Financial LP now owns 2,307,351 shares of the restaurant operator's stock worth $153,834,000 after buying an additional 291,269 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Restaurant Brands International by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the restaurant operator's stock worth $392,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. UBS Group reduced their price target on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Scotiabank reduced their price target on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research report on Friday, August 8th. Truist Financial upped their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Bank of America cut their price objective on shares of Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating for the company in a research report on Friday, July 18th. Finally, Barclays cut their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $75.04.
Check Out Our Latest Research Report on Restaurant Brands International
Insider Buying and Selling at Restaurant Brands International
In other Restaurant Brands International news, insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider owned 182,897 shares of the company's stock, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is owned by company insiders.
Restaurant Brands International Trading Up 1.1%
QSR traded up $0.69 during midday trading on Wednesday, reaching $65.50. 1,998,932 shares of the company were exchanged, compared to its average volume of 2,494,413. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $74.09. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. The stock has a market capitalization of $21.47 billion, a P/E ratio of 24.81, a PEG ratio of 2.59 and a beta of 0.58. The stock's 50-day simple moving average is $67.88 and its 200 day simple moving average is $66.52.
Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share 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 business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the firm earned $0.86 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, 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 business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.8%. Restaurant Brands International's payout ratio is 93.94%.
About Restaurant Brands International
(
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.
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