Restaurant Brands International Inc. $QSR Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 29,470 shares of the restaurant operator’s stock after acquiring an additional 1,059 shares during the period. Assetmark Inc.’s holdings in Restaurant Brands International were worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its holdings in Restaurant Brands International by 12.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 34,135 shares of the restaurant operator’s stock worth $2,263,000 after acquiring an additional 3,674 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Restaurant Brands International by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock valued at $32,213,000 after buying an additional 30,741 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in Restaurant Brands International by 0.9% in the second quarter. Moloney Securities Asset Management LLC now owns 23,474 shares of the restaurant operator’s stock valued at $1,556,000 after buying an additional 205 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Restaurant Brands International by 29.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the restaurant operator’s stock valued at $74,000 after buying an additional 255 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Restaurant Brands International by 20.9% in the second quarter. Asset Management One Co. Ltd. now owns 57,318 shares of the restaurant operator’s stock valued at $3,800,000 after buying an additional 9,903 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR stock opened at $66.22 on Wednesday. The stock’s 50-day moving average is $65.33 and its two-hundred day moving average is $66.74. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.63 and a beta of 0.63. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $72.32. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. Analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.26%.

Analyst Upgrades and Downgrades

QSR has been the topic of several research analyst reports. Bank of America cut their target price on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a research report on Friday, July 18th. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a research report on Tuesday, October 21st. Sanford C. Bernstein set a $78.00 target price on Restaurant Brands International in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Finally, Barclays cut their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $75.75.

Restaurant Brands International 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.