Restaurant Brands International Inc. $QSR Stock Position Lifted by Boston Partners

Boston Partners lifted its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 8.4% during the second quarter, Holdings Channel.com reports. The firm owned 21,542 shares of the restaurant operator’s stock after acquiring an additional 1,670 shares during the period. Boston Partners’ holdings in Restaurant Brands International were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in Restaurant Brands International during the 2nd quarter valued at about $33,000. CX Institutional boosted its position in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 464 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Restaurant Brands International by 91.2% in the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after buying an additional 260 shares during the last quarter. UMB Bank n.a. lifted its stake in Restaurant Brands International by 49.3% during the second quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 200 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Restaurant Brands International by 438.6% in the 1st quarter. Larson Financial Group LLC now owns 781 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 636 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Trading Down 2.4%

Shares of Restaurant Brands International stock opened at $68.71 on Friday. The firm has a 50-day moving average of $66.27 and a 200-day moving average of $67.02. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week 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. The stock has a market cap of $22.52 billion, a PE ratio of 24.45, a PEG ratio of 2.73 and a beta of 0.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. As a group, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio is presently 88.26%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QSR. Guggenheim boosted their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Northcoast Research downgraded Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Barclays reduced their target price on 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. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Scotiabank boosted their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.76.

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.