Cetera Investment Advisers Boosts Position in Restaurant Brands International Inc. (NYSE:QSR)

Cetera Investment Advisers increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,911 shares of the restaurant operator’s stock after purchasing an additional 9,669 shares during the quarter. Cetera Investment Advisers’ holdings in Restaurant Brands International were worth $2,660,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QSR. Franklin Resources Inc. lifted its stake in Restaurant Brands International by 3.0% during the fourth quarter. Franklin Resources Inc. now owns 90,339 shares of the restaurant operator’s stock worth $5,881,000 after purchasing an additional 2,645 shares during the last quarter. Geode Capital Management LLC lifted its stake in Restaurant Brands International by 33.9% during the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator’s stock worth $123,137,000 after purchasing an additional 467,958 shares during the last quarter. Trexquant Investment LP purchased a new stake in Restaurant Brands International during the fourth quarter worth approximately $1,115,000. Aviva PLC lifted its stake in Restaurant Brands International by 621.0% during the fourth quarter. Aviva PLC now owns 85,212 shares of the restaurant operator’s stock worth $5,543,000 after purchasing an additional 73,393 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Restaurant Brands International by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 503,673 shares of the restaurant operator’s stock worth $32,829,000 after buying an additional 7,197 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In related 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 sale, the insider owned 182,897 shares of the company’s stock, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QSR shares. Truist Financial lifted their price target on Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. 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 research report on Friday, July 18th. Oppenheimer lifted their price target on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. Melius started coverage on Restaurant Brands International in a research report on Monday, July 14th. They set a “buy” rating and a $90.00 price target on the stock. Finally, UBS Group cut their price target on Restaurant Brands International from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.09.

Restaurant Brands International Trading Up 0.7%

Shares of NYSE QSR opened at $68.61 on Thursday. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.58. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $74.09. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84. The stock’s 50 day simple moving average is $68.40 and its 200 day simple moving average is $66.38.

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

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors 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 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is 84.07%.

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.