Caitong International Asset Management Co. Ltd Has $74,000 Stock Holdings in Restaurant Brands International Inc. $QSR

Caitong International Asset Management Co. Ltd lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 29.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,115 shares of the restaurant operator’s stock after acquiring an additional 255 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Restaurant Brands International were worth $74,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QSR. Davis Selected Advisers acquired a new stake in Restaurant Brands International during the first quarter worth about $224,744,000. Royal Bank of Canada grew its stake in Restaurant Brands International by 16.7% during the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock worth $1,507,839,000 after buying an additional 3,230,735 shares in the last quarter. Invesco Ltd. grew its stake in Restaurant Brands International by 465.8% during the first quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock worth $176,247,000 after buying an additional 2,177,302 shares in the last quarter. TD Asset Management Inc grew its stake in Restaurant Brands International by 29.4% during the first quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator’s stock worth $308,698,000 after buying an additional 1,053,640 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Restaurant Brands International by 7.6% during the first quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock worth $944,538,000 after buying an additional 1,003,563 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QSR has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Melius started coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They issued a “buy” rating and a $90.00 price target on the stock. Piper Sandler lowered their price objective 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. Finally, Bank of America dropped 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 note on Friday, July 18th. Eleven equities research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.42.

Restaurant Brands International Trading Up 0.0%

Shares of NYSE QSR opened at $67.46 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $72.50. The firm has a 50 day moving average price of $65.01 and a two-hundred day moving average price of $66.44. The stock has a market cap of $22.11 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.03). The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio is currently 93.94%.

About Restaurant Brands International

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.