Strs Ohio Buys New Holdings in Restaurant Brands International Inc. $QSR

Strs Ohio bought a new stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,756 shares of the restaurant operator’s stock, valued at approximately $2,370,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 255 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Restaurant Brands International during the first quarter worth approximately $721,000. HM Payson & Co. acquired a new stake in Restaurant Brands International during the first quarter worth approximately $26,000. Raleigh Capital Management Inc. raised its holdings in Restaurant Brands International by 30.0% during the first quarter. Raleigh Capital Management Inc. now owns 6,786 shares of the restaurant operator’s stock worth $452,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Consolidated Capital Management LLC acquired a new stake in Restaurant Brands International during the first quarter worth approximately $4,703,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $65.75 on Tuesday. The firm’s fifty day moving average price is $65.27 and its 200 day moving average price is $66.72. 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 current ratio of 1.06 and a quick ratio of 0.98. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.02 and a beta of 0.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm posted $0.93 EPS. Restaurant Brands International’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is 88.26%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QSR. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Piper Sandler cut their price objective on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Finally, Bank of America lowered their target price on shares of 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. Eleven 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.75.

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.