10,034 Shares in Restaurant Brands International Inc. $QSR Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 10,034 shares of Restaurant Brands International Inc. for approximately $648,000 in the first quarter.
• Restaurant Brands International recently declared a quarterly dividend of $0.62 per share, yielding around 4.0%, with an ex-dividend date of September 23rd.
• The company's stock has seen a 12-month high of $74.09 and a low of $58.71, with the current price opening at $61.88.

United Services Automobile Association bought a new position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,034 shares of the restaurant operator's stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QSR. Royal Bank of Canada grew its stake in shares of Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the period. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator's stock valued at $944,538,000 after buying an additional 1,003,563 shares during the period. EdgePoint Investment Group Inc. grew its stake in shares of Restaurant Brands International by 7.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator's stock valued at $914,463,000 after buying an additional 896,034 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock valued at $540,352,000 after buying an additional 47,192 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Restaurant Brands International by 4.3% during the 1st quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator's stock valued at $463,798,000 after buying an additional 289,233 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of Restaurant Brands International from $75.00 to $71.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Citigroup decreased their price target on shares of Restaurant Brands International from $76.00 to $72.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $73.00 to $72.00 and set an "equal weight" rating for the company in a research report on Monday, July 14th. Barclays decreased their price target 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. Finally, Piper Sandler decreased their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $75.04.

Restaurant Brands International Stock Performance

QSR traded up $0.88 on Monday, hitting $63.80. 795,235 shares of the company's stock were exchanged, compared to its average volume of 2,502,126. The firm has a market cap of $20.91 billion, a PE ratio of 24.14, a P/E/G ratio of 2.71 and a beta of 0.62. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The stock has a fifty day moving average of $65.96 and a two-hundred day moving average of $66.49. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69.

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). The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.Restaurant Brands International's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. On average, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

Restaurant Brands International Company 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.