Restaurant Brands International Inc. (NYSE:QSR) Given Consensus Recommendation of "Hold" by Brokerages

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR has earned a consensus recommendation of "Hold" from the twenty-three research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $75.65.

Several equities analysts recently issued reports on QSR shares. Oppenheimer increased their target price on Restaurant Brands International from $77.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Scotiabank raised Restaurant Brands International to a "hold" rating and set a $75.00 target price on the stock in a research note on Wednesday, June 18th. CIBC decreased their target price on Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Guggenheim increased their target price on Restaurant Brands International from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Bank of America cut their price target on Restaurant Brands International from $62.00 to $60.00 and set an "underperform" rating on the stock in a report on Friday, July 18th.

Restaurant Brands International Trading Down 0.7%

Shares of Restaurant Brands International stock traded down $0.51 during trading hours on Thursday, hitting $69.52. The company's stock had a trading volume of 1,800,333 shares, compared to its average volume of 3,374,319. Restaurant Brands International has a twelve month low of $58.71 and a twelve month high of $74.09. The firm has a fifty day moving average of $68.72 and a 200-day moving average of $65.97. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.18 and a beta of 0.58. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $0.73 EPS. The business's revenue for the quarter was up 21.3% on a year-over-year basis. Research analysts forecast that Restaurant Brands International will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th were issued a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 3.57%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Insider Activity at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of the firm'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 value of $4,905,600.00. Following the completion of the sale, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.36% of the stock is owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. Corient Private Wealth LLC lifted its holdings in shares of Restaurant Brands International by 166.4% in the 4th quarter. Corient Private Wealth LLC now owns 20,475 shares of the restaurant operator's stock valued at $1,335,000 after buying an additional 12,789 shares during the period. American Century Companies Inc. raised its holdings in Restaurant Brands International by 3.4% during the fourth quarter. American Century Companies Inc. now owns 43,358 shares of the restaurant operator's stock worth $2,826,000 after purchasing an additional 1,428 shares during the last quarter. Vanguard Group Inc. raised its holdings in Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator's stock worth $858,101,000 after purchasing an additional 421,873 shares during the last quarter. Mufg Securities Canada LTD. raised its holdings in Restaurant Brands International by 75.7% during the fourth quarter. Mufg Securities Canada LTD. now owns 494,313 shares of the restaurant operator's stock worth $32,197,000 after purchasing an additional 213,035 shares during the last quarter. Finally, Norges Bank acquired a new position in Restaurant Brands International during the fourth quarter worth $264,813,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.